ISELIN, NJ—Global technology, energy and automation company Siemens Corporation sees huge value in treating its sprawling worldwide commercial real estate operations as a profit center, not a cost center, says Michael Kruklinski, head of the firm's real estate operations for the Americas.
In an exclusive interview with GlobeSt.com, Kruklinski described why Siemens decided to take the profit-focused approach.
“Many years back, the decision was made that real estate for Siemens would be managed professionally under one roof, and managed with a P&L,” Kruklinski says. “What that means is that we have full responsibility for all the buildings, offices, and manufacturing, and together with the busiensses wwe are driving decisions on when we are consolidating sites, when we are looking at new sites, when we think about lease extensions, and we're also responsible for disposal.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
