A Buckling Skyscraper Shakes Confidence In Office Conversions

A Buckling Skyscraper Shakes Confidence In Office Conversions

July 9, 2026 · 19 min

About this episode

The episode discusses a significant incident involving buckling steel beams at the former Pfizer headquarters in New York City and its implications for office-to-apartment conversions.

On Tuesday morning, something potentially very scary happened in New York City. Images of buckling steel beams at the former Pfizer headquarters led to a large evacuation in midtown Manhattan. WSJ’s Peter Grant reports on what happened and what this high-profile setback means for the nationwide trend of converting empty skyscrapers into apartments. Ryan Knutson hosts. Further Listening: - Compass vs. Zillow: The Real Estate Wars - Who’s in Charge of Fixing Miami’s Aging Condos? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Host: Ryan Knutson

Guest: Peter Grant

Topics covered

Keywords

Mentioned in this episode

Organizations: The Wall Street Journal, Spotify Studios, Pfizer

Places: New York City, midtown Manhattan

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