MAG Capital Partners acquired Airforce Turbine Service’s (ATS) global headquarters facility in Mathis, Texas, featuring a private 2,700-foot runway.

Located at 11557 State Highway 359 on 37.7 acres, the 34,150-square-foot South Texas industrial property is minutes from I-37, the key corridor linking San Antonio and Corpus Christi, a critical industrial hub on the Gulf Coast. The site includes an FAA/EASA-certified turbine maintenance, repair and overhaul shop, test cell and parts department. ATS also maintains numerous country-specific CAA and DGC certifications with field support centers located in the U.S., Asia-Pacific, Africa and Latin America.

Founded in 1989, ATS is an independent provider of MRO services, parts, and sales and leasing for PT6A engines.

ATS serves commercial operators, agricultural businesses, and high-usage aviation fleets across a broad range of markets and regions. In 2024, The Texas Workforce Commission recognized ATS with its Veteran-Friendly Employer of the Year award for its efforts to recruit and hire veterans.

JLL’s Steven Okon, Blake Shaffer and Anthony Walters advised on the transaction. DWG Capital Group placed the debt on behalf of the purchaser. 

 JLL Capital Markets announced today the successful sale of Park North Shopping Center, a premier 635,325-square-foot regional retail destination in San Antonio. The transaction marks the largest shopping center sale in the San Antonio market since JLL’s record-setting sale of The Rim in 2021.

JLL worked on behalf of the seller, Sterling Organization, with Dhanani Private Equity serving as the buyer.

Park North Shopping Center is strategically positioned at 842 NW Loop 410, offering exceptional visibility and access to 241,000 vehicles per day on Loop 410. The property is uniquely anchored by Target on a ground lease, an arrangement rarely seen in the retail landscape, and features a diverse mix of entertainment, shopping and dining options including Pinstack, Alamo Drafthouse Cinema, Norris Conference Centers and Outlaw Pickleball.

The 93.3% leased shopping center sits on 45.75 acres and serves a trade area of more than 304,100 consumers within a five-mile radius with an average household income of $95,057. The property benefits from its infill location in the heart of San Antonio, surrounded by affluent neighborhoods, employment centers, entertainment destinations and military hubs.

JLL Capital Market’s Investment Sales and Advisory team was led by Senior Managing Directors Chris Gerard and Barry Brown and Directors Erin Lazarus and Whitney Snell.

Constellation Real Estate Partners acquired 29 acres of land at 6339 S. Sam Houston Pkwy E. in Houston, Texas, for the development of Constellation Southbelt, a three-building 375,602-square-foot speculative industrial project. 

Additionally, the firm has acquired 20 acres of land located at 13814 Cullen Boulevard in Houston, Texas for the development of Constellation Cullen, a 282,272-square-foot industrial building. Both of these industrial development projects are in partnership with a real estate fund advised by Crow Holdings Capital, a real estate investment management firm with a strong track record of cycle-tested performance. Since founding in 2021, Constellation Real Estate Partners has built a pipeline of 24 projects, totaling 12 million square feet across key Sunbelt logistics markets.

              Constellation Southbelt broke ground in Q4 2025 and will feature 32-foot clear heights, 412 car parking spaces, 220-foot shared truck court depths, a 75-foot laydown yard for additional outdoor storage and trailer parking, and visibility on South Beltway 8, with access to Highway 3, and 45S.  Building sizes range from 89,792 square feet to 160,233 square feet.  Constellation Southbelt is scheduled for completion in Q4 2026.

Constellation Cullen will break ground in Q1 2026 and will feature 36-foot clear heights, 222 car parking spaces, 130-foot truck court depth, 53 trailer parking spaces and visibility on Cullen Boulevard with direct access to South Beltway 8.  Constellation Cullen is scheduled for completion in Q4 2026.

Marketing and leasing efforts for Constellation Southbelt will be exclusively handled by Zack Taylor, Ryan Byrd, and Jason Scholtz with Colliers and Cape Bell, Greg Holmes and Savannah Smith with CBRE overseeing marketing and leasing at Constellation Cullen.

Morgan and Carlyle celebrated the groundbreaking of Pearl Lake Pointe, a new luxury apartment community at 16435 Creekbend Drive in Sugar Land, Texas.

Construction began in November 2025, and Morgan, together with Carlyle, marked the project’s official start during a groundbreaking ceremony held on December 10, 2025. Joined by representatives of the City of Sugar Land, project partners, and Texas Capital Bank, Morgan celebrated this milestone for the region as the first multifamily site to receive entitlements in Sugar Land since 2012.

Located approximately 20 miles southwest of downtown Houston, Pearl Lake Pointe will encompass a five-story wrap community comprising 376 apartments—including five live-work units—over 6.46 acres. Residents will have access to a resort-inspired pool, a state-of-the-art fitness centers, golf simulator, fifth-floor sky lounge, and a first-floor café. The site also includes 9,940 square feet of commercial office space and a six-story parking garage, with luxury units featuring open-concept layouts with quartz countertops, stainless-steel appliances, in-unit washers and dryers, and balconies in select homes.​

Situated adjacent to the former Fluor campus with picturesque views of Brooks Lake, Pearl Lake Pointe is designed to offer a differentiated lifestyle within Sugar Land’s rare multifamily-zoned land. The delivery of first units is anticipated for the second quarter of 2027, and the development will be managed and owned by Morgan and Carlyle, with project financing provided by Texas Capital Bank.

New multifamily deliveries of just 300,000 units across the United States next year? That’s what RealPage is predicting.

RealPage, a provider of AI-enabled software platforms for the real estate industry, recently released its predictions for 2026’s multifamily market.

And one of the biggest? RealPage predicts that with a growing number of U.S. markets shifting from oversupply toward more balanced supply-and-demand conditions in the second half of the year, U.S. multifamily deliveries in 2026 could fall to as few as 300,000 new units.

That’s well below the level that the Multifamily Housing Council estimates is required to satisfy the demand for new U.S. apartments through 2035.

RealPage predicts, too, that while the number of new apartment deliveries will fall next year, the demand for these units won’t. That’s largely because mortgage interest rates continue to hold above 6%, making it more affordable to rent than buy a single-family home.

This makes it unlikely that a flood of renters will enter the single-family market in 2026, RealPage said.

Lee & Associates Dallas-Fort Worth completed a lease renewal and expansion transaction for a 9,763-square-foot office space at Twelve240, 12240 Inwood Road in Dallas.

Nathan Denton of Lee & Associates Dallas-Fort Worth represented the Tenant, Wealth Partners Alliance, LLC. 

Sean Dalton of Younger Partners represented the Landlord, 12240 Inwood, LLC.