Block & Company Quartlery Report - 2nd Quarter 2018

July 17, 2018

Block & Company Quartlery Report - 2nd Quarter 2018

Letter from President David M. Block
Kansas City's commercial real estate environment has proven to be just as hot as the weather this summer. As I have stated in previous newsletters, business has turned out to be just as strong as we assumed it would be in the current economy and it continues to gain momentum as we enter into the third quarter of 2018.

We have significantly expanded our asset management portfolio, as well as our construction management division, which have both paralleled the success of our brokerage group. Investment sales continue to be extremely strong with the volume of transactions we've completed in the second quarter. Triple net leases and smaller strip centers throughout the metropolitan area have been a hot commodity with 1031 exchange investors and cash buyers.

We continue to facilitate deals with non-traditional retail users, such as micro hospitals and entertainment venues that are showing a lot of interest in the available retail vacancies in strip centers. I have no reason to believe that there will be any change to the volume of business we are doing as we move forward through 2018.

I'd like to thank our staff across all departments of Block & Company, Inc., Realtors for the hard work they continue to do and I look forward to an even stronger and more prosperous second half of 2018.

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