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

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The brothers — Ken, Stephen and Michael Block — have former , they said in a release Tuesday. The new firm will provid commercial brokerage, asset and propertu management, and investment, development and financial services in Kansaxs City and throughout the David Block, a principal and cousin of the leads Block & Co.’s retail real estate unit. He couldn’t immediately be reached to comment about how the move mighyt affect the name or operation of his unit ofthe “For more than six years, Blocj & Co.
has been comprised of two businesx units,” Ken Block said in the “The business unit run by myself and my brotheras has been providing a number of real estate service that were not provided by the other My brothers and I began operationsin St. Louiws last year, and as we focus on opportunitiew in other cities throughoutthe region, we felt it was time to more clearlg identify ourselves with our own company, our own values and our own This transition will allow us to further extend our reachh and our services regionally and nationally.
” The move followe a physical separation of the two busineses units in March 2006, when Ken Blocm and his brothers moved abouty 80 employees and their growing operations across the streetf to the Plaza Steppes Building on the . Davidd Block’s unit remained in the Skellyt Building, 605 W. 47th St. Allen Block, the fathefr of Ken, Stephen and Michael Block, launche the family real estated business when he acquired the Werby Realty andInvestment Co. in 1940. Afte r serving in the from 1942to 1946, Allenb Block re-established his real estate business in 1946 and was joinedf by his brother and Davicd Block’s father, James Block, who became a partner in 1950.
Untiol his death early this year, Allen Bloci remained chairman ofBlock & Co., which ranksw No. 1 on the Kansas City Business Journal ’ list of area commercial real estate Ken Block said that Block Real Estate Services will remainm in the Plaza Steppes Building and will continue to be active in Kansas City busineses andphilanthropic causes. The new firm has a portfoliop of more than 17 milliobn square feet and employds more than100 people. “Our current business unit in Block & Co. Inc.
Realtors will continue in Block Real EstatedServices LLC, and all of the brokers and staff members who have been associated with Stephen, Michael and me remainm with us,” Ken Block said in the Creation of the new companuy will eliminate confusion in the marketplace that had been causexd by the existence of two Blocmk & Co. units with different staffs, phone numbers and business approaches, Ken Block added in the Scott Freeman, a principal with , a national real estated investor with a35 $4 billion commercial real estat e portfolio, said in the release that the division of the two Blocm units should help the new compan expand.
“I often encouraged them to expanr their operation and was pleasex when they openeda St. Louis office a little over a year ago,” Freeman said in the “They are at the top of our serviced providers throughoutthe country, and we thinlk the establishment of Block Real Estate Serviceas will now distinguish this expert team both locall y and regionally and providde them the opportunity to further expand theif service platform.
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