The used car giant announced a succession plan Monday that will see Tom Folliard, 51, retire by year’s end.
CarMax CEO handing over the keys
Jonathan Spiers
Jonathan joined BizSense in 2015 after a decade of reporting in Wilmington, N.C., and at the Henrico County Leader. The Virginia Tech grad covers government, real estate and other news.
Reach him at (804) 308-2447 or [email protected].
New site from VCU shows region from a ‘MetroView’
Area real estate agents, developers and planners have a new tool to track regional land use and development trends.
Altria to cut 200 Richmond jobs
The tobacco giant plans to lay off a total of nearly 500 salaried employees, with about half of the cuts coming from its Richmond operations.
Media General wrestling match ends with $4.6B deal
Nexstar Broadcasting Group has come out on top in the struggle with Meredith Corp. over downtown-based Media General, which is now set to be acquired in a $4.6 billion cash-and-stock deal.
Advisory firm buys executive staffing business
Expanding its C-suite staffing services, an advisory company has purchased a local firm and brought on a longtime pro in the industry.
Tutoring franchise expands its reach
Armed with a new mobile education system, an education franchise is branching out into a Southside preschool with plans for more satellite locations in the future.
The Pitch: Advertising and marketing news for Jan. 26, 2016
A marketing firm names a new president, another rebrands, agencies create campaigns for local businesses and nonprofits, and the Richmond Ad Club starts accepting entries for its annual show.
VCU buys Grace St. restaurant property
Long a holdout amid in VCU’s real estate acquisitions, a rundown restaurant property on West Grace Street has been sold to the university and is set for demolition.
Henrico developer to relocate grave site
A proposed 59-home development near Twin Hickory is facing an extra hurdle: a small cemetery, the believed resting place of a World War I veteran and his family that the developer plans to relocate.
Major Hanover projects face planning vote
A subdivision expansion first proposed last March and a 59-home development on 400 acres are up for debate at tonight’s Hanover Planning Commission meeting.