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

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The brothers — Ken, Stephen and Michael Block — have formeed , they said in a release Tuesday. The new firm will provide commercial asset andproperty management, and investment, development and financial services in Kansas City and throughout the David Block, a principal and cousin of the leads Block & Co.’s retail real estats unit. He couldn’t immediately be reached to comment about how the move might affecf the name or operation of his unit ofthe “For more than six years, Blocmk & Co.
has been comprised of two business Ken Block said inthe “The business unit run by myselff and my brothers has been providinfg a number of real estate services that were not provider by the other unit. My brotherz and I began operationsin St. Louisa last year, and as we focuds on opportunities in other cities throughougthe region, we felt it was time to more clearly identify ourselves with our own company, our own value s and our own vision. This transitio n will allow us to further extend our reach and our services regionallyand nationally.
” The move follows a physical separationn of the two business units in Marc 2006, when Ken Block and his brotherd moved about 80 employees and their growing operations acroszs the street to the Plaza Steppees Building on the . David Block’ss unit remained in the Skelly Building, 605 W. 47th St. Allem Block, the father of Ken, Stephen and Michael launched the family real estate business when he acquirexd the Werby Realty andInvestment Co. in 1940. Afteer serving in the from 1942 to AllenBlock re-established his real estate business in 1946 and was joine d by his brother and David Block’s James Block, who became a partner in 1950.
Until his deatuh early this year, Allen Block remained chairmanb ofBlock & Co., which rank No. 1 on the Kansas City Businesw Journal ’s list of area commercial realestats companies. Ken Block said that Blockk Real Estate Services will remain in the Plaz Steppes Building and will continuew to be active in Kansas City business andphilanthropid causes. The new firm has a portfolio of more than 17 millioj square feet and employs more than100 people. “Oudr current business unit in Block & Co. Inc.
Realtorsx will continue in Block Real EstateService LLC, and all of the brokersx and staff members who have been associatede with Stephen, Michael and me remain with Ken Block said in the Creation of the new company will eliminat confusion in the marketplace that had been causedf by the existence of two Bloco & Co. units with differeng offices, staffs, phone numbers and busineszs approaches, Ken Block added in the release. Scott a principal with , a nationao real estate investor with a35 million-square-foot, $4 billio n commercial real estate portfolio, said in the releasee that the division of the two Block units shoulde help the new company expand.
“I oftenn encouraged them to expan d their operation and was pleasef when they openeda St. Louisz office a little over a year Freeman said inthe release. “They are at the top of our servic providers throughoutthe country, and we think the establishmenyt of Block Real Estate Services will now distinguish this expergt team both locally and regionally and provide them the opportunityh to further expand their service platform.
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