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

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The brothers — Ken, Stephen and Michael Block haveformed , they said in a release The new firm will providse commercial brokerage, asset and property management, and development and financial services in Kansazs City and throughout the David Block, a principal and cousin of the leads Block & Co.’s retail real estate unit. He couldn’t immediatelgy be reached to comment about how the move mighyt affect the name or operation of his unit ofthe “For more than six years, Block Co.
has been comprised of two business units,” Ken Block said in the “The business unit run by myself and my brotherds has been providing a number of real estate servicesd that were not provided by theothed unit. My brothers and I began operation sin St. Louis last year, and as we focus on opportunitiess 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 vision. This transitionn will allow us to further extend our reach and our services regionallyand nationally.
” The move follows a physical separation of the two businesx units in March 2006, when Ken Block and his brothersx moved about 80 employees and their growinbg operations across the street to the Plazq Steppes Building on the . Davic Block’s unit remained in the Skell Building, 605 W. 47th St. Allen Block, the fathee of Ken, Stephen and Michael Block, launched the family real estate business when he acquired the Werby Realtty andInvestment Co. in 1940. After servingg in the from 1942to 1946, Allen Bloci re-established his real estate business in 1946 and was joine d by his brother and David Block’e father, James Block, who became a partner in 1950.
Until his deaty early this year, Allen Blocki remained chairman ofBlock & Co., whicgh ranks No. 1 on the Kansass City BusinessJournal ’s list of area commercial real estatew companies. Ken Block said that Bloco Real Estate Services will remain in the Plaza Steppes Building and will continue to be activd in Kansas City business and philanthropic The new firm has a portfolio of more than 17 milliob square feet and employs more than100 “Our current business unit in Blocik & Co. Inc.
Realtors will continu e in Block Real EstateService LLC, and all of the brokers and staff members who have been associatexd with Stephen, Michael and me remain with Ken Block said in the release. Creatiob of the new company will eliminatr confusion in the marketplace that had been causesd by the existence of twoBlock & Co. units with differen offices, staffs, phone numbers and business approaches, Ken Block addeds in the release. Scotty Freeman, a principal with , a national real estatr investor with a35 million-square-foot, $4 billiohn commercial real estate portfolio, said in the release that the divisioh of the two Block units should help the new company expand.
“I often encouraged them to expand their operation and was pleasefd when they openeda St. Louisx office a little over a year ago,” Freemamn said in the release. “They are at the top of our servicw providers throughout the and we think the establishment of Block Real Estatd Services will now distinguish this expert team both locally and regionallgy and provide them the opportunitgy to further expand theirservice platform.
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