CarMax CEO gets comp of $2.96M in fiscal 2009 (Merced Sun-Star) Tom Folliard, CEO of Carmax, recieved a compensation package worth more than $2.96 million. That is up five percent from last year, and most of the compensation is from the value of stock and option awards. Virginia losing farmland at fast pace (Times Dispatch)… Read more »
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
Another homebuilder offers job guarantee
Another Richmond homebuilder has incorporated a guarantee for laid-off buyers into the marketing pitch. Several weeks ago, BizSense reported LINK that the programs, which started earlier this year with the car manufacturer Hyundai, are spreading into the home-building industry. “We understand there are layoffs out there,” said Kevin McNulty, the president of Lifestyle Builders. “We… Read more »
Setting the business news agenda
Our story about vacancy at Richmond malls found its way on to NBC 12 news last night. You can watch it here.
NewsFeeds 4.24.09
Doubling the size of Fort Lee by 2013 (Times-Dispatch) Total BRAC construction investment is expected to be $1.2 billion. The post’s daily population is expected to reach more than 35,500 by 2011, when most of the growth will occur. In 2005, the daily base population was 18,800. CVS plans large push into Hampton Roads (Virginian-Pilot)… Read more »
Media General board keeps its seats, but there’s a surprise
The Associated Press reported today that Media General shareholders have reelected the board members and added one: Scott Anthony, an industry consultant.
Law firm layoff rumors run rampant, but bark worse than bite
Like a classic urban myth, few lawyers in Richmond know personally an associate or partner who’s lost a job, but seemingly everyone knows someone who knows someone who’s gotten laid off.
NewsFeeds 4.23.09
Hotel owner is banking on BRAC (Progress Index) Jim Clayton is bullish that BRAC will fill his hotel. Clayton, who invested $12 million in his Stay-Over Suites extended-stay hotel on Old Woodlawn Street near Interstate 295 in Hopewell, believes growth at Fort Lee through the Base Realignment and Closure process will bring a big boost… Read more »
Office Sense: Inside Boxwood Partners HQ
It’s been a busy year for Boxwood Partners, an M&A advisory firm that also manages a private equity fund specializing in technology and online retailers. After about a year in business, the company is ready to move from its Shockoe Bottom digs into something with 6,000 or 7,000 square feet. Go inside the current office and meet the staff with RBS.
NewsFeeds 4.22.09
Ginter Place Associates in bankruptcy; Ginter Place condo project is not (Times-Dispatch) Ginter Place Associates, which owns property east of the condo building, was forced into an involuntary bankruptcy petition late last month to stop a foreclosure on one of its buildings. James City Co. plant to get $20 million upgrade (Virginian-Pilot) A James City… Read more »
Office Sense: Boxwood Partners HQ
Music for this video was provided by local artist Crenshaw.