OPERATIONS

David’s Bridal and RCS team on lease renewals

BY Katherine Boccaccio

New York — New York City-based RCS Real Estate Advisors said Tuesday it has been retained by bridal retailer David’s Bridal to facilitate lease renewals on behalf of the retailer.

RCS said it has expanded its previous engagement with David’s Bridal to provide lease renewal services for over one-third of the retailer’s more than 300 U.S. David’s Bridal store locations.

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FINANCE

Developing report: Best Buy founder considering buying out company

BY Katherine Boccaccio

Minneapolis — A just-released report from the Wall Street Journal said that Best Buy founder Richard Schulze, who resigned his chairman of the board seat earlier this month, may be looking into buying out the company.

Schulze is said to be working with bankers from Credit Suisse. At the time of his resignation as chairman, he owned approximately 20% of the company.

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News

Lowe’s donates $250K to the First Response Team of America

BY CSA STAFF

MOORESVILLE, N.C. — Lowe’s has donated $250,000 to the First Response Team of America, a nonprofit organization dedicated to responding to natural disasters and working alongside local agencies to help save lives in the wake of destruction.

Founded in 2007 by Tad Agoglia, the First Response Team uses a fleet of highly specialized trucks and equipment to provide immediate assistance after a disaster, when communities often must fend for themselves because the resources necessary for rescue and recovery are damaged, inaccessible or unavailable. The team has responded to dozens of disasters with support services that include opening roadways, performing water rescues, providing temporary power solutions and assisting critical service providers. Currently, the team is deployed in Florida, assisting with Tropical Storm Debby cleanup efforts.

In addition to the grant, Lowe’s has pledged to lend the support of Lowe’s Heroes employee volunteers to work alongside Agoglia and the First Response Team as they respond to disasters and assist homeowners with property cleanup and restoration.

“Responding to natural disasters and lending a helping hand in times of great need is a commitment Lowe’s has made for many years,” said Marshall Croom, chairman of Lowe’s Charitable and Educational Foundation. “We believe the First Response Team of America will help us make a larger difference on the front lines immediately after a disaster.”

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