Craig Deitelzweig

Where is Marx Realty is going to be in 2026?  

2026 will be Marx Realty’s best-performing year in our history. We are just beginning to see significant opportunities to purchase and reimagine bland office properties and to transform them with the Marx brand of hospitality-infused office properties. In the years ahead, we will continue to see the benefits of some of these acquisition opportunities.

Where is Marx Realty is going to be in 2028?  

Marx Realty has set the benchmark for a superior and unique office experience, and we are poised to expand our portfolio across New York, Atlanta, D.C. and beyond. 

I expect us to be well positioned with an expanded portfolio of office products featuring our newest iteration of hotel-inspired sensibility through 2028 and beyond. We will always offer spaces that resonate and inspire, and will continue to be the leader in creating hospitality-infused offices — I expect the Marx brand to be even more powerful in 2028.

Where is Marx Realty is going to be in 2033?  

We’ll be saying, “Just when we thought 2028 was our best year, 2033 is knocking it out of the park!” We will have the strongest product offering in the cities in which we operate and will continue on the incredible growth trajectory that started back in 2017. 

Tell us about a successful financing in the last 12 months. Or tell us about an unsuccessful one.

We were able to finance a new acquisition with a 10-year, fixed-rate loan at a 3.4 percent interest rate and lock that rate in right before all rates increased dramatically. We, thankfully, did not have any unsuccessful financings. We didn’t have any refinancing requirements in 2023.

When will we know the market has stabilized? (Be specific!)

There are certain individuals in our industry who seem to time the market perfectly wrong. I will be watching the actions of these individuals carefully.

How do you think the 2024 presidential campaign will impact the commercial real estate market?  

I believe people are tired of even thinking about the 2024 presidential campaign, and it won’t have any meaningful impact on New York’s commercial real estate market. New York real estate is very focused on New York.

If you were to invest your own money in someone else’s real estate, who do you like and why?  

It would be fun to invest in the Aman Hotel.

What business advice are you most tired of hearing?  

“Be patient.” I’m not.

What’s the biggest market opportunity as we round out 2023?  

We are seeing the market pricing reset for certain assets, and this will represent the biggest opportunity in a generation.

Have you had a lot of staff turnover?  

We have been very fortunate as our team has stuck together. I know that is unusual, and we are very blessed to have a team that really enjoys working together (in person, of course).

Who do you like for POTUS in 2024? Connor Roy.

Do you feel personally safe moving through NYC? Yes, except for certain blocks around Penn Station.

Jerome Powell: Are you a fan or critic? I think he raised rates too slowly on the way up and is likely to reduce rates too slowly on the way down.

Can’t-live-without technology now? The fully electric MarxMobile. It’s all charged up and free of charge. Our tenants access it through our MarxConnect app, which I use daily.

Elon Musk is …? The Benjamin Franklin of our lifetime. 

Taylor Swift or Beyoncé?  Rihanna.

Artificial intelligence — good or bad? Both. 

Mischa’s or Nathan’s for a hot dog? Tough one, but the best hot dog is at Katz’s.

Netflix or Hulu? Netflix.

What character are you in “Succession”?  I don’t relate to any of those characters. People often say I remind them of Harvey Specter from “Suits.”