Amazon is reportedly in talks to buy Covington-based Globalstar, a $9 billion satellite telecom group, in a bid to compete with SpaceX's Starlink. (Financial Times🔒)
The One Canal Place office tower has a new owner — Skysoar Capital Partners, a New York-based investment group. (Fox 8)
Canal Place also recently switched its parking manager from Premium Parking to an AI-enabled platform with Universal Parking. (Press release)
New York billionaire Michael Novogratz bought Check Point Charlie and the Motwani family's proposed Frenchmen Street hotel site. (The Times-Picayune🔒)
Associated Wholesale Grocers will invest $110 million to upgrade its distribution facility on the North Shore. (Press release)
The U.S. Army Corps of Engineers awarded a $420 million construction contract to Pittman-Sealevel of St. Rose to improve the levee system in St. John and St. Charles parishes. (Press release)
