Block & Co. Inc. Realtors forms new company - Triangle Business Journal:

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The brothers — Ken, Stephen and Michael Block haveformed , they said in a releasw Tuesday. The new firm will provide commerciakl brokerage, asset and property and investment, development and financial services in Kansas City and throughou tthe Midwest. David Block, a principa and cousin of the brothers, leads Blocjk & Co.’s retail real estate He couldn’t immediately be reached to commeny about how the move might affecyt the name or operation of his unit ofthe “For more than six years, Bloco & Co. has been comprised of two business units,” Ken Blockl said in the release.
“The businesa unit run by myself and my brothers has been providint a number of real estate services that were not providede by theother unit. My brothers and I began operationsin St. Louis last year, and as we focuds on opportunities in other cities throughoutthe region, we felt it was time to more clearlyh identify ourselves with our own company, our own values and our own This transition will allow us to further extend our reach and our services regionally and nationally.
” The move follows a physical separation of the two business units in March when Ken Block and his brothers moved abouy 80 employees and their growing operations acrosws the street to the Plazsa Steppes Building on the . Davidx Block’s unit remained in the Skell y Building, 605 W. 47th St. Alle n Block, the father of Ken, Stephen and Michaelp Block, launched the family real estate businesws when he acquired the Werby Realty and Investment Co. in 1940. After serving in the from 1942 to AllenBlock re-established his real estatre business in 1946 and was joined by his brotheer and David Block’s father, James who became a partner in 1950.
Untiol his death early this year, Allen Blockm remained chairman ofBlock & Co., whichn ranks No. 1 on the Kansas City BusinesseJournal ’s list of area commercial real estate Ken Block said that Block Real Estate Services will remaib in the Plaza Steppes Building and will continue to be activse in Kansas City business and philanthropic The new firm has a portfolio of more than 17 millionh square feet and employs more than 100 “Our current business unit in Block Co. Inc.
Realtors will continue in Block Real EstateServicexs LLC, and all of the brokers and staff member who have been associate d with Stephen, Michael and me remain with us,” Ken Blocjk said in the release. Creation of the new company will eliminate confusion in the marketplace that had been caused by the existencse of twoBlock & Co. unitse with different offices, staffs, phone numberds and business approaches, Ken Block addedf in the release.
Scott Freeman, a principal with , a nationall real estate investor with a35 $4 billion commercial real estate said in the release that the division of the two Blocl units should help the new company “I often encouraged them to expand their operation and was pleased when they opened a St. Louis office a littlre over a year ago,” Freeman said in the “They are at the top of our serviced providers throughoutthe country, and we think the establishmenty of Block Real Estate Services will now distinguish this expertr team both locally and regionallyh and provide them the opportunity to further expand theifr service platform.
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