News in Richmond

Foreclosures: 9.21.26
Twenty-seven properties with mortgage delinquencies between $29,000 and $441,000 are scheduled for auctions. (BizSense Pro required)

CarMax lays off 145 corporate employees, nearly half of them based in Richmond area
The Goochland-based used car giant has laid off more than 1,000 employees in several rounds of cuts since 2024. This latest round comes just months into the tenure of its new CEO, Keith Barr.

Pilates and Lagree studio founder to open second location in Village Shopping Center
It's Angie Hardison's Re+forme Lagree + Pilates location, adding to her two Hot Yoga Barre gyms in Willow Lawn and Midlothian

Bon Secours pays $9M for future Chesterfield ER on site of razed Ukrop’s store
The seller in the deal was Ukrop’s, which had previously operated a grocery store on a portion of the property in a 44,000-square-foot building that later operated as a Martin’s before it was torn down.

New craft studio opening in formerly abandoned Church Hill storefront
“As an abandoned space, the damage had been extreme. It was a skeleton of a building, but the potential, everything we dreamed about, everything we talked about…it was here,” said Glue Craft Studio co-founder Vanessa

New Business Licenses: 9.18.26
Chesterfield reports a mobile auto spa, tutoring services, a wellness studio and more. (BizSense Pro required)

Downtime: Virginia film chief makes his first feature flick with help from Lilly Pad owners, RVA movie scene
“I was like, ‘I don’t know, dude. This is outside of my wheelhouse.' But I could see his passion behind it. I was like, I could get behind this," Lilly Pad owner Max Walraven said of investing in "The Cashier," Andy Edmunds' first film.

Project Snapshot: Brown’s Island’s $30M renovation in full swing ahead of Folk Festival debut
While work on the six-acre strip won’t be completely wrapped up in time for the Oct. 9 start date of the Folk Festival, Venture Richmond CEO Lisa Sims said the island will be ready enough to host multiple stages during the multi-day event.

TowneBank passes torch to new Richmond market head as longtime leader Collins retires
For the first time since it entered the Richmond market more than a decade ago, a new face will be overseeing TowneBank’s local operations.

DVD shop Blue Rose Video & More presses play in Chesterfield mall
Wayne Marshall wanted to revive the old-school DVD shop concept - including rentals. What better shop than a spot in a 70s-era mall next to Spencer's Gifts?

State releases draft regulations for recreational pot market launching in ‘27
The Cannabis Control Authority plans to open applications for the licenses by Feb. 1 and anticipates holding lotteries to choose license holders for certain license types based on demand.

The Docket: Local court roundup for 9.17.26
An insurer wants back the $2.3 million in claims it paid out when fire swept a retail center in the far West End in 2024. (BizSense Pr required)