Craig Deitelzweig, CEO of Marx Realty, talks building preservation and push to get the Guggenheim to
Craig Deitelzweig (Photo by Emily Assiran)
Craig Deitelzweig’s first foray into real estate was as an attorney at Skadden Arps in the late 1990s, where he realized he wanted to be more entrenched in New York’s property business. More than a decade and a half later, Deitelzweig joined Marx Realty — the development and management arm of Merchants’ National Properties — as its president and CEO in 2017. Prior to that, he served as managing director at Stamford-based Building and Land Technology, where he oversaw a national portfolio of office, multifamily and hotel buildings. Deitelzweig, 45, also previously headed Rockrose Development’s office division and led leasing and asset management at Ruben Companies. Today, he is focused on Marx’s effort to blend aspects of the hospitality business into its office spaces — adding amenities not traditionally seen in commercial buildings, such as doormen. The firm’s portfolio, spanning 2.2 million square feet in New York City, includes 10 Grand Central, where Marx’s headquarters is located. Deitelzweig has a spacious, sparingly decorated corner office on the seventh floor. The Queens native now lives in Westchester with his wife and teenage daughter.
This sign points to one of Deitelzweig’s favorite hobbies. Locally, he frequents Long Beach and Montauk, but Deitelzweig said he’s also gone surfing in different countries. Tel Aviv is his favorite international spot to date. “It was really fun, and we did it all as a family,” he said. “I love surfing and the ocean; it makes me feel peaceful.”