REAL ESTATE

SRS announces executive appointments

BY CSA STAFF

Houston SRS Real Estate Partners has announced Todd O. Hardin as the new market leader and senior VP of its Houston office.

Hardin will be joined by J. Braxton Brockenbrough, VP, who brings nearly a decade of Houston-focused experience in tenant and landlord representation.

Hardin has more than 25 years of experience in commercial real estate, with a focus on development, leasing and brokerage. In his new role at SRS Real Estate Partners, Hardin will primarily focus on leading the Houston brokerage team, increasing SRS Real Estate Partners’ market share and continuing to represent local clients.

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REAL ESTATE

Best Buy opens first European store

BY CSA STAFF

Izmir, Turkey Best Buy has opened its first Best Buy-branded store in Europe. The retailer entered the Turkish market by opening a location in the Aegean port city of Izmir last weekend, according to Turkey’s Daily News & Economic Review.

The store aims to serve the market with its customer- and employee-focused approach in a 4,200-square-meter store. The company, which has operations in Canada, China, Mexico and Europe, plans to differentiate itself by explaining technology in a clear, easy way to its customers.

“In order to offer our customers new technologies in an easy and clear way, we have founded interactive-experience zones at our store,” said Best Buy Turkey chairman Rusen Kopmaz during a press conference. “Our employees will give our customers the shopping experience we have committed to at our interactive-experience zones.”

Prices will be the same as other locations, the report said. The firm made Izmir its first choice as a result of a long feasibility study and is also considering investing in Ankara, Turkey.

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Caswell-Massey to open new Manhattan boutique

BY CSA STAFF

New York City America’s oldest retailer, Caswell-Massey, has signed on to open a new boutique in Manhattan’s newly renovated Limelight Marketplace, which will open as a retail destination in March 2010.

Caswell-Massey, which offers luxury personal-care products, was founded in Newport, R.I., in 1752.

“We cannot wait to open our second New York City store in the Limelight Marketplace — our first Manhattan launch since our flagship opened in 1926,” said Carrie Long, VP retail for Caswell-Massey.

Limelight Marketplace will transform a historic 163-year-old venue into a three-story “festival of shops,” which will feature elaborate facades and varied designs that invoke the feeling of a stroll down a European street.

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