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

http://www.whc2008.org/grandmaster.php
The brothers — Ken, Stephen and Michael Block haveformed , they said in a releasew Tuesday. The new firm will provide commercial asset andproperty management, and investment, developmen t and financial services in Kansas City and throughout the David Block, a principal and cousin of the brothers, leade Block & Co.’s retaip real estate unit. He couldn’t immediately be reached to comment about how the move might affect the name or operationb of his unit ofthe business. “For more than six Block & Co.
has been comprised of two businesw units,” Ken Block said in the “The business unit run by myselr and my brothers has been providing a numbeer of real estate services that were not provideds by theother unit. My brother s and I began operationsin St. Louis last year, and as we focuws on opportunities in other cities throughoutthe region, 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 extened our reach and our services regionallyh and nationally.
” The move follows a physicakl separation of the two businesxs units in March when Ken Block and his brothers moved about 80 employees and their growing operationsz across the street to the Plazsa Steppes Building on the . Davi d Block’s unit remained in the Skellty Building, 605 W. 47th St. Allen the father of Ken, Stephen and Michaek Block, launched the familh real estate business when he acquired the Werby Realty andInvestmentg Co. in 1940. After serving in the from 1942 to AllenBlock re-established his real estate businesx in 1946 and was joined by his brothert and David Block’s father, James who became a partner in 1950.
Untilk his death early this year, Allen Block remainecd chairman ofBlock & Co., which rankz No. 1 on the Kansas City Business Journal ’s list of area commercialo realestate companies. Ken Block said that Block Real Estate Services will remain in the Plaza Steppees Building and will continue to be active in Kansaws City business andphilanthropic causes. The new firm has a portfolioi of more than 17 millio square feet and employs more than100 “Our current business unit in Block & Co. Inc.
Realtorz will continue in Block Real EstateServices LLC, and all of the brokersz and staff members who have been associatedd with Stephen, Michael and me remain with Ken Block said in the release. Creation of the new company will eliminate confusion in the marketplace that had been cause d by the existence of twoBlocm & Co. units with different offices, phone numbers and businessx approaches, Ken Block added in the release. Scott a principal with , a nationa real estate investor with a35 million-square-foot, $4 billion commerciapl real estate portfolio, said in the releasr that the division of the two Block units should help the new companty expand.
“I often encouraged them to expand theifr operation and was pleased when they openeda St. Louixs office a little over a year Freeman said inthe release. “They are at the top of our servic e providers throughoutthe country, and we think the establishment of Block Real Estatr Services will now distinguish this experr team both locally and regionally and provide them the opportunith to further expand their service platform.
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