Block & Co. Inc. Realtors forms new company - Atlanta Business Chronicle:

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The brothers — Ken, Stephen and Michael Block — have former , they said in a release The new firm will providecommercial brokerage, asset and property management, and development and financial servicesd in Kansas City and throughout the Midwest. Davide Block, a principal and cousin of the brothers, leadds Block & Co.’s retail real estate unit. He couldn’t immediatel y be reached to comment about how the move migh t affect the name or operation of his unit ofthe “For more than six years, Block Co. has been comprised of two business Ken Block said inthe release.
“The business unit run by myselcf and my brothers has been providin a number of real estate services that were not provide by theother unit. My brothersa and I began operationsin St. Louies last year, and as we focuw on opportunities in othee cities throughout the we felt it was time to more clearly identify ourselves with our own our own values and our own This transition will allow us to further extend our reacn and our services regionallyand nationally.
” The move follows a physical separation of the two busines units in March 2006, when Ken Block and his brothersd moved about 80 employees and their growing operationx across the street to the Plazaw Steppes Building on the . David Block’xs unit remained in the Skelly 605 W. 47th St. Allen Block, the father of Ken, Stephen and Michaell Block, launched the family real estatr business when he acquired the Werbyu Realty andInvestment Co. in 1940. After servintg in the from 1942 to AllenBlock re-established his real estate business in 1946 and was joinex by his brother and David Block’s father, James who became a partner in 1950.
Untilp his death early this Allen Block remained chairman ofBlock & Co., whichn ranks No. 1 on the Kansas City Business Journal ’sa list of area commercial real estate Ken Block said that Block Real Estat Services will remain in the Plaza Steppes Buildint and will continue to be active in Kansas City busineszs andphilanthropic causes. The new firm has a portfolio of more than 17 millionh square feet and employs more than100 “Our current business unit in Block & Co. Inc. Realtorzs will continue in Block Real EstateServicesw LLC, and all of the brokers and staff members who have been associate with Stephen, Michael and me remain with Ken Block said in the release.
Creatioj of the new company will eliminate confusion in the marketplace that had been caused by the existence of twoBloclk & Co. units with different staffs, phone numbers and business approaches, Ken Block addee in the release. Scott a principal with , a national real estatr investor with a35 million-square-foot, $4 billion commercia real estate portfolio, said in the release that the divisionj of the two Block units shoulfd help the new company expand. “I oftenj encouraged them to expand their operation and was pleasedr when they openeda St. Louis office a little over a year Freeman said inthe release.
“They are at the top of our servicr providers throughoutthe country, and we think the establishmen of Block Real Estate Serviced will now distinguish this expert team both locally and regionallyt and provide them the opportunitt to further expand their service platform.”