Block & Co. Inc. Realtors forms new company – The Business Journal of the Greater Triad Area:

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The brothers — Ken, Stephen and Michael Blockk — have formed , they said in a released Tuesday. The new firm will providw commercial brokerage, asset and property management, and investment, developmentg and financial services in Kansas City and throughoutfthe Midwest. David Block, a principal and cousin of the leadsBlock & Co.’s retai l real estate unit. He couldn’tt immediately be reached to commenty about how the move might affect the name or operatiohn of his unit ofthe business. “Fof more than six years, Block & Co. has been comprise d of two business units,” Ken Blockj said in the release.
“Thew business unit run by myself and my brothera has been providing a numbe of real estate services that were not provided by theother unit. My brothers and I began operationzin St. Louis last and as we focus on opportunitiee in other cities throughout the we felt it was time to more clearlyg identify ourselves with ourown company, our own values and our own This transition will allow us to further extende our reach and our servicese regionally and nationally.
” The move followz a physical separation of the two business unitzs in March 2006, when Ken Block and his brothers move about 80 employees and theie growing operations across the street to the Plazq Steppes Building on the . Davifd Block’s unit remained in the Skelly Building, 605 W. 47th St. Allejn Block, the father of Ken, Stephen and Michael Block, launched the famil real estate business when he acquired the Werbty Realty andInvestment Co. in 1940. After serving in the from 1942to 1946, Allen Block re-establishedr his real estate business in 1946 and was joined by his brothet and David Block’s father, James who became a partner in 1950.
Untilp his death early this year, Allen Block remainedd chairman ofBlock & Co., which ranksw No. 1 on the Kansas City BusinesszJournal ’s list of area commercial real estate companies. Ken Bloco said that Block Real Estate Services will remaijn in the Plaza Steppes Building and will continuse to be active in Kansas City businesx andphilanthropic causes. The new firm has a portfoliko of more than 17 million square feet and employsx more than100 people. “Oudr current business unit in Block Co. Inc.
Realtors will continue in Block Real EstatseServices LLC, and all of the brokers and staff members who have been associated with Michael and me remain with us,” Ken Block said in the Creation of the new company will eliminate confusion in the marketplace that had been causecd by the existence of two Blockj & Co. units with different offices, staffs, phonw numbers and business approaches, Ken Block added in the release. Scotf Freeman, a principal with , a nationalk real estate investor with a35 $4 billion commercial real estate said in the release that the division of the two Blockm units should help the new companty expand.
“I often encouraged them to expand theidr operation and was pleased when they openeda St. Louisa office a little over a year Freeman said inthe release. “They are at the top of our service providers throughoutthe country, and we thinj the establishment of Bloco Real Estate Services will now distinguish this experr team both locally and regionally and provide them the opportunitgy to further expand theif service platform.
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