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Schewels Home acquires Richmond-area Central Furniture
Lynchburg-based furniture retailer Schewels Home is opening its newest location in Henrico County following the acquisition of Central Furniture.
Richmond Northside apartments sell for $45M
A 224-unit apartment complex in Richmond’s Northside neighborhood sold for $45.02 million in late October.
CarMax CEO out after nearly a decade
CarMax CEO Bill Nash is stepping down after nearly 10 years. David McCreight will serve as interim CEO starting Dec. 1.
Steelers co-owner donates $50M+ to Hampden-Sydney
Pittsburgh Steelers minority owner Rob Citrone and his wife, Cindy, are giving more than $50 million to Hampden-Sydney College.
Industrial park near Richmond airport sells for $142M
An eight-building industrial park near the Richmond International Airport sold for $142 million, according to news releases this week.
Early voting wraps in Virginia, with higher turnout than 2021
More than 1.4 million Virginians voted early ahead of the governor’s race, setting a record and showing strong voter enthusiasm.
Richmond Fed launches center to support rural economies
The Federal Reserve Bank of Richmond launched the Center for Rural Economies last week, a research and convening hub.
AstraZeneca, Eli Lilly, Merck commit $120M to Virginia pharma training
AstraZeneca, Eli Lilly and Merck committed $120 million to develop an advanced pharmaceutical manufacturing training center in Central Virginia.
Former Richmond Fed President Broaddus dies at 86
J. Alfred “Al” Broaddus, Jr., former president of the Federal Reserve Bank of Richmond died Sunday, Oct. 26, in his hometown of Richmond.
MacKenzie Scott gives record $50M to Virginia State University
Billionaire philanthropist MacKenzie Scott gives $50 million to Virginia State University, marking its largest-ever donation.
Fortune 500 retailer CarMax lays off 350 employees
Goochland County-based Fortune 500 used car retailer CarMax is laying off about 350 employees nationally, including 55 in Virginia.
Two Virginia companies donate to White House ballroom project
Altria Group and Booz Allen Hamilton donating to President Donald Trump’s roughly $300 million White House ballroom construction project.
