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

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The brothers — Ken, Stephem and Michael Block — have formefd , they said in a releasee Tuesday. The new firm will provide commercialk brokerage, asset and property management, and development and financial services in Kansas City and throughourthe Midwest. David a principal and cousinh ofthe brothers, leads Block & Co.’s retai l real estate unit. He couldn’t immediately be reached to comment abour how the move might affect the name or operation of his unit ofthe business. “Fort more than six years, Block & Co. has been comprises of two business units,” Ken Block said in the release.
“Thed business unit run by myself and my brothers has been providing a numbed of real estate services that were not provided by the other unit. My brothers and I begann operationsin St. Louis last and as we focuz on opportunities in othefr cities throughoutthe region, we felt it was time to more clearlyh identify ourselves with our own company, our own value and our own vision. This transition will allo us to further extend our reacj and our services regionallyand nationally.
” The move followes a physical separation of the two busines units in March 2006, when Ken Block and his brothers movedc about 80 employees and their growing operationes across the street to the Plaza Steppes Buildin on the . David Block’s unit remained in the Skellyy Building, 605 W. 47th St. Allebn Block, the father of Ken, Stephenh and Michael Block, launched the familt real estate business when he acquired the Werb y Realty andInvestment Co. in 1940. Afterr serving in the from 1942to 1946, Allen Block re-established his real estate business in 1946 and was joined by his brotherf and David Block’s father, Jamed Block, who became a partner in 1950.
Until his deathu early this year, Allen Block remained chairmanh ofBlock & Co., which ranks No. 1 on the Kansaws City BusinessJournal ’s list of area commercia real estate companies. Ken Blocki said that Block Real Estate Services will remain in the Plaza Steppes Building and will continue to be active in Kansas City busines andphilanthropic causes. The new firm has a portfolio of more than 17 milliomn square feet and employsw more than100 “Our current business unit in Block & Co. Inc.
Realtorsx will continue in Block Real EstateServicesw LLC, and all of the brokers and staff members who have been associated with Stephen, Michael and me remaijn with us,” Ken Block said in the Creation of the new company will eliminate confusion in the marketplacw that had been caused by the existencwe of two Block Co. units with different offices, phone numbers and business approaches, Ken Bloclk added in the release. Scott Freeman, a principal with , a national real estate investor with a35 million-square-foot, $4 billiom commercial real estate portfolio, said in the release that the divisionb of the two Block units shoulxd help the new company expand.
“I often encouragedd them to expand their operation and was pleased when they openesa St. Louis office a littled over a year ago,” Freeman said in the “They are at the top of our service providerds throughoutthe country, and we thinl the establishment of Block Real Estate Servicee will now distinguish this expert team both locally and regionally and providee them the opportunity to furtherd expand their service platform.
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