Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Thursday, December 27, 2012

Slow but steady the forecast for real estate - KansasCity.com

New apartment projects and rebounding area home sales were the highlights of the residential real estate sector in 2012, while industrial parks and spec buildings dominated the commercial real estate sector.

Read the whole story here by the KC Star:  Slow but steady the forecast for real estate - KansasCity.com

Block Real Estate Services is Gearing up for their 2013 Market Report.  As reported by the KC Star we will be reporting growth as well! 

To be the first to get the 2013 KC Market Report click here to sign up:

Friday, December 21, 2012

Day 12: The KC Market Report: Happy Holidays!

All of us at Block Real Estate Services (BRES) would like to take this time to wish you a safe and wonderful holiday season and a happy New Year!

Check back mid-January for the full 2013 KC Market Report or sign-up here to be the first to receive when it's available.

Watch the BRES Happy Holiday Video below!

Day 11: 12 Days of the KC Market Report: Investment

The Unites States commercial real estate recovery has remained at a slow but steady pace.  The recovery has seen improved commercial real estate fundamentals, an increased number of investment transactions, increased asset pricing, and the abundance of capital in both debt and equity.

Thursday, December 20, 2012

Day 10: 12 Days of the KC Market Report: Apartment Market Overview

The Multifamily market continues to lead U.S. housing and real estate recovery.  Increasing numbers of retiring baby boomers combined with the entry of the Millennial generation into the renter pool has created tremendous demand for high-quality, high-amenity apartment housing.  The collapse of the single-family market only accelerated these trends over the last several years, causing national multifamily vacancy to fall to 5.0% by year-end 2012, down from 5.4% the previous year. 

Wednesday, December 19, 2012

Day 9: 12 Days of the KC Market Report: Healthcare Development

Key stakeholders in the industry are now making directional changes in how they practice medicine and strategize for future growth. One of the areas that cannot be overlooked in this significant shift in healthcare strategy is that of the real estate sector. Three areas that are creating a bullish environment in healthcare real estate are the:

  • Upholding of the government mandate
  • Physician reimbursement cuts 
  • Creation of Accountable Care Organizations (ACOs)

Tuesday, December 18, 2012

Day 8: 12 Days of the KC Market Report: Opportunities for 2013

As 2012 comes to a close, we look to the upcoming opportunities of 2013. Where do you see the biggest opportunities for commercial real estate in 2013?

  •  Downtown?
  •  Office?
  •  Industrial?
  •  Retail?
  •  Investment?
  •  Multi-Family?

Click here to weigh in on the survey and check back for the results. Also, be sure to sign up to receive the 2013 Block Real Estate Services Market Report. 

Monday, December 17, 2012

Day 7: 12 Days of the KC Market Report: Rebound Year for Construction

2012 was a rebound year for construction and development as a whole for the Kansas City market place.  The rebound by sector differed slightly across the board, but overall construction activity was up significantly in 2012 compared to the past couple of years.

Friday, December 14, 2012

Day 6: 12 Days of the Market Report: Industrial Opportunities

As we prepare for 2013, Block Real Estate Services, looks to identify the industrial opportunities in the Kansas City Commercial Real Estate market, like the 175th St. Commerce Centre.

Thursday, December 13, 2012

Day 5: 12 Days of the Market Report: Kansas City Wins IKEA

In September, IKEA announced that they had chosen Kansas City over St. Louis for the location of a new store, due to open in 2014. Merriam Town Center sold to IKEA for a 349,000 square foot store on the site of Meriam Village, a $73.5 million vacant shopping center. They will demolish the center developed in 2008 aimed at housing Circuit City prior to their demise.

Wednesday, December 12, 2012

Day 4: 12 Days of the KC Market Report: How Streetcars Will Shape Downtown Kansas City

Late October, Jackson County court administrator’s office mailed out ballots Tuesday to 697 downtown registered voters who qualified for the downtown streetcar mail-in election. Today, those ballots are due and the city will see what will come of the Downtown Streetcar Initiative.

Tuesday, December 11, 2012

Day 3: 12 Days of the Market Report: Where Do You Think The Unemployment Rate Will Be In 2013

As we wrap up 2012, the unemployment rate stands at 7.9%. This downward trend is promising, but will it continue? Where do you think the unemployment rate is going to land at end of 2013? Click to weigh in and check back for the results. 

Monday, December 10, 2012

Day 2: 12 Days of the Market Report: 2012 Market Report Overview

Every year, Block Real Estate Services releases a comprehensive report that sheds light on trends in the Kansas City Commercial Real Estate sector. This next year, BRES is excited to present the 2013 Market Report with even more rich content that will give the industry a leg up on the year.

A year ago, at the end of 2011, the country faced some pretty grim statistics with a nearly 9% unemployment rate. From 2001 to 2011, the Kansas City Metropolitan area lost over 100,000 jobs over the 10-year period. Good news for Kansas City is that it is expected to add a surprisingly high 36,700 jobs in 2013. Kansas City has also been noted for a variety of other accomplishments that give hope for a fast turnaround out of the bad economy:

Friday, December 7, 2012

12 Days Of Market Report Begins!

Every year, Block Real Estate Services releases our comprehensive Market Report, lending insight on commercial real estate in the Kansas City market. Kansas City continues to see many more exciting development projects planned or already under construction over the next 24 months as well as strong investment activity. Sign up to receive the Market Report in your inbox when it is released.

Managing Principal, Kenneth G. Block, kicks off the 12 days:

Wednesday, December 5, 2012

To Lease or to Build?

It is a big decision for an organization to decide to relocate. If time provides, businesses should carefully consider their options with an open mind, as there are many opportunities for businesses to find a location with attractive scenery and an attractive price. In this post, we'll identify the benefits of building and leasing.