Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.

MINNEAPOLIS (WCCO) It seems like everywhere you look downtown, a new condo or apartment building is popping up. But now, the vacancy rate is going up, too.

Minneapolis-based Marquette Advisors reported the vacancy rate for apartments in downtown Minneapolis at 5 percent at the end of March. Thats up from the 2.2 percent vacancy rate at the end of March from last year.

Even if you dont live downtown, the apartment building boom could affect you.

Downtown Minneapolis North Loop is the new hot place to live. Thats why several new luxury apartments, like Elses Warehouse, opened there in the last year.

Theres definitely been a lot of places in the past two years, which has been really exciting, Brent Webb, managing director of leasing for Greco Real Estate Development, said.

However, according to the new report, renters arent keeping up with the number of apartment projects being built downtown. The vacancy rate for the area doubled in the last year.

Minneapolis city council member Jacob Frey says the uptick in vacancy is temporary, as the number of renters has to catch up with the original demand for higher end apartments.

Any time you get an increase in demand you will also get increase in construction and with the increased construction comes increase in vacancy rate for a certain period of time, Frey said.

See the article here:
As New Apartments Pop Up In Mpls., Vacancy Rate Doubles

Four design and construction engineers are believed to have been shot by firing squad following the deaths of around 500 people

North Korean officials responsible for the construction of a 23-storey apartment block which collapsed have reportedly been executed by firing squad.

Hundreds of people were feared dead when the structure fell to the ground, sparking a rare public apology and with Kim Jong Un being described as 'upset' and unable to sleep.

High-ranking party officials, police and intelligence analysts were among the 500 people killed in the incident in Pyongyang that was described as "serious" by the state-run Korean Central News Agency.

Four design and construction engineers were shot by a firing squad, according to Japan's Tokyo Shimbun newspaper, while a military official is believed to have been sent to a prison camp.

Pyongyang's expression of "profound consolation and apology" was the first official news of the disaster, which happened in the Phyongchon district of the North Korean capital.

"The construction of an apartment house was not done properly and officials supervised and controlled it in an irresponsible manner," said the statement from KCNA, which is better known for its strident attacks against South Korea and the United States.

The KCNA statement also said the collapse of the apartment building "claimed casualties" but did not give any indication of how many may have been killed or injured. It said a rescue operation ended on Saturday.

An official from South Korea's unification ministry confirmed on Sunday that a 23-storey apartment building had collapsed in Pyongyang last Tuesday, although he would not say from where the information had been obtained.

The official, who asked not to be identified, said the building was presumed to have held 92 families and that it was common for North Koreans to move into new buildings before construction was completed.

View original post here:
North Korean officials "executed by firing squad" following 23-storey building collapse

Paul Bedford on 6 storey Wood Frame Apartment Building Construction
http://www.rockadvisors.ca Paul Bedford, former chief planner for the City of Toronto, speaking at the Rock New Apartment Construction Symposium on May 7, 2014, at ...

By: Derek Lobo

Continue reading here:
Paul Bedford on 6 storey Wood Frame Apartment Building Construction - Video

Leader Kim Jong-un 'unable to sleep' following tragedy in Pyongyang More than 500 people, including members of the State Security Department, were believed to have been living in complex when it came down Shoddy construction blamed as builders often sell materials on black market Four engineers reportedly executed and military official sent to prison camp Kim was seen touring a glass factory in pictures released today

By Richard Shears and Lucy Crossley

Published: 05:11 EST, 26 May 2014 | Updated: 09:36 EST, 26 May 2014

652 shares

97

View comments

Kim Jong-un has rounded up the engineers and architects behind the deadly collapse of a North Korean apartment block and executed them by firing squad, it is claimed today.

More than 500 people, including high-ranking intelligence and police officials, are thought to have died when the 23-storey building crumbled in the capital, Pyongyang.

Kim, who was pictured touring a glass factory in photographs released today, was reportedly unable to sleep after learning of the tragedy last week, thought to have been caused by poor workmanship.

Scroll down for video

More:
Kim Jong-un 'executes' engineers behind apartment collapse

Photo By Cody Duty/Houston Chronicle

Houston firefighters continued to douse hot spots Wednesday morning, the day after a five-alarm inferno consumed an apartment complex under construction near downtown.

Photo By Johnny Hanson/Houston Chronicle

From the Magnolia Cemetery of Houston firefighters battled a large 5-alarm blaze Tuesday afternoon at an apartment building under construction on West Dallas near Montrose Tuesday, March 25, 2014, in Houston. Flames engulfed the apartment complex as 200 firefighters in 80 units fought to gain an upper hand on the blaze. The five-story, 368-unit building was destroyed. No injuries were reported.

Photo By Johnny Hanson/Houston Chronicle

Firefighters battled a large 5-alarm blaze Tuesday afternoon at an apartment building under construction on West Dallas near Montrose Tuesday, March 25, 2014, in Houston. Flames engulfed the apartment complex as 200 firefighters in 80 units fought to gain an upper hand on the blaze. The five-story, 368-unit building was destroyed. No injuries were reported.

Photo By Johnny Hanson/Houston Chronicle

Firefighters battled a large 5-alarm blaze Tuesday afternoon at an apartment building under construction on West Dallas near Montrose Tuesday, March 25, 2014, in Houston. Flames engulfed the apartment complex as 200 firefighters in 80 units fought to gain an upper hand on the blaze. The five-story, 368-unit building was destroyed. No injuries were reported.

Photo By Johnny Hanson/Houston Chronicle

From the Magnolia Cemetery of Houston firefighters battled a large 5-alarm blaze Tuesday afternoon at an apartment building under construction on West Dallas near Montrose Tuesday, March 25, 2014, in Houston. Flames engulfed the apartment complex as 200 firefighters in 80 units fought to gain an upper hand on the blaze. The five-story, 368-unit building was destroyed. No injuries were reported.

Link:
Debris removal begins at site of 5-alarm Montrose apartment fire

SEOUL: North Korean leader Kim Jong-un has sought to reassure the public over construction safety after the deadly collapse of a Pyongyang apartment building sparked a rare apology from the secretive hardline state.

Inspecting a river-side construction site in Pyongyang where two 46-storey apartment buildings are being built by soldiers, he stressed the need for quality construction in the aftermath of the May 13 accident that state media blamed on "irresponsible" supervision by officials.

The official Korean Central News Agency on Wednesday quoted Kim raising the slogan: "Let us take responsibility for the safety of the project and guarantee its absolute quality for all eternity."

Kim's inspection tour appeared aimed at reinforcing his regime's commitment to regulate building construction after senior North Korean officials offered a rare public apology for the "unimaginable" disaster on May 13.

No death toll was given, but South Korean officials said close to 100 families were in residence at the site. The North's state media said Kim "sat up all night, feeling painful" after being told about the accident.

About 2.5 million people -- mostly the ruling elite or those considered politically trustworthy -- live in Pyongyang and enjoy priority access to electricity, food and other goods and services.

The North in 2009 announced plans to build 100,000 new high-rise apartments in its showpiece capital. Students and soldiers were drafted in to help complete the project on time.

Kim -- since taking power after the death of his father Kim Jong-il in December 2011 -- has launched a flurry of high-profile construction projects of his own.

He last year celebrated the opening of a new water park, an equestrian club and apartments for scientists, teachers and athletes in the capital, and a massive ski resort in the northeast.

Read the original here:
N Korea's Kim plays up safety after deadly building collapse

SEOUL, South Korea (AP) When a South Korean ferry sank with hundreds trapped inside last month, the whole world knew about it. But in North Korea, there was utter silence about the collapse of a 23-story apartment building for five days, until state media issued a rare apology.

The North is not a black hole for information. More than 2 million people have cellphones. Hundreds of foreigners live in Pyongyang, the showcase capital where the collapse occurred a week ago Tuesday. A handful of international news bureaus, including The Associated Press, operate there, and the city sees a steady procession of visiting tourists, academics and diplomats.

But with no Internet for most citizens, a local press that operates as the government's propaganda wing and a security apparatus that severely curbs foreigners and citizens alike, if North Koreans get news about something, it is almost always because the nation's young leader, Kim Jong Un, wants them to get it.

Kim may not have meant for his people to know anything about the collapse at first. Three days after it happened, a North Korean state-run newspaper carried a photo of the beaming leader watching a soccer match. The date shown on a screen display of a telephone beside Kim was a day after the collapse, according to a South Korean official who spoke on condition of anonymity because the official was not authorized to speak to media about the matter.

Chang Yong Seok, an analyst at Seoul National University, said North Korea may have finally publicized the building collapse because news was likely spreading among citizens in Pyongyang via the domestic cellphone service.

In any case, the delay in reporting gave North Korea's propaganda mavens more time to spin the narrative in a way that glorified the ruling Kim family.

The North Korean story highlighted a grieving Kim Jong Un, who one official told state media "sat up all night, feeling painful after being told about the accident."

The state-run Korean Central News Agency said there were casualties but released no specifics on deaths or injuries. Most of the few details to emerge things that people in democracies would likely consider newsworthy have come from South Korean officials, who said they believe many people died because nearly 100 families had likely moved into the building, even while it was under construction.

The North Korean report includes apologies from five officials who accepted responsibility for the collapse. It is in keeping with a consistent propaganda message framed to show Kim as a man of the people with no patience for his officials' failures. Kim's late father and predecessor, Kim Jong Il, was seen as more aloof than his son.

"As with everything in North Korea, this is all about establishing Kim Jong Un's legitimacy," said John Delury, a specialist on North Korea and China at Yonsei University in Seoul. "Even when a building collapses, they're thinking about how to use it to consolidate his power."

View post:
N. Korea building collapse study in media control

North Korea expresses 'profound consolations regret' to families of victims of a building collapse in Pyongyang.

An apartment building under construction in the North Korean capital of Pyongyang has collapsed, sparking fears hundreds of people may have been killed.

North Korean officials have offered a rare public apology for the collapse, which a South Korean official said was believed to have caused considerable casualties.

The word of the collapse in the secretive nation's capital was reported on Sunday morning (local time) by the North's official Korean Central News Agency, which gave no death toll but said that the accident was "serious" and upset North Korea's leader, Kim Jong Un.

The report said it occurred in the capital's Phyongchon district on Tuesday "as the construction of an apartment house was not done properly and officials supervised and controlled it in an irresponsible manner."

In Seoul, a South Korean government official speaking on condition of anonymity because of the sensitivity of the information said the 23-storey apartment building that collapsed was presumed to have housed 92 families.

That could mean the casualties could be in the hundreds because a typical North Korean family has four members. However, it was not clear whether all the residents were inside at the time of the collapse, or that four people lived in each apartment.

It is not unusual for people to start living in apartments before the construction is complete.

The official said he did not have any figure for the actual death toll.

According to the KCNA report, the rescue operation ended on Saturday and officials apologised to bereaved families and district residents.

See original here:
High death toll feared in North Korea building collapse

SEOUL An apartment building in the North Korean capital collapsed in what state media described as a serious accident that caused an unspecified number of casualties.

The unusual, apologetic report Sunday from the Norths state-run Korean Central News Agency (KCNA) said the collapse took place Tuesday at the construction site of an apartment building in Phyongchon, a central district of Pyongyang.

The accident claimed casualties, the agency reported without providing details on the number of peopled killed and injured. Rescue efforts were abandoned on Saturday, the agency said.

North Korean Defectors

A South Korean government official said the building had 23 floors, estimating that as many as 92 families might have been living inside. Its common for people to move into North Korean buildings before construction is completed, the official said.

The South Korean government closely monitors activities in North Korea.

The construction of the building was not done properly and officials supervised and controlled it in an irresponsible manner, KCNA reported. Pyongyang residents were greatly shocked it said.

Kim Jong Un upset

The secretive North Korean regime rarely calls attention to problems within its borders.

The publication of the state media report, which contained a series of apologies from senior public officials, suggests it was a severe calamity.

Read more:
North Korea apologizes to citizens for building collapse

An apartment building under construction in Pyongyang collapsed last week, prompting senior executives to offer a rare public apology, state media and Seoul officials said Sunday.

The disaster took place on May 13 in the Pyongchon district, where the construction of the 23-story building was nearing completion, according to the official Korean Central News Agency. No death toll was reported though it described the accident as "serious."

As many as 92 households had already moved in, an official at Seoul's Unification Ministry said, raising the possibility of significant casualties. "A considerable number of people are likely to have died," the official said on customary condition of anonymity.

"The construction of the apartment building was not done properly and officials supervised and controlled it in an irresponsible manner," the KCNA said.

People's Security Minister Choe Pu-il apologised to the victims and district residents, with the Rodong Sinmun, a mouthpiece of the governing Workers' Party, carrying a photo of an unidentified official bowing his head before the crowd. Other officials also met with the bereaved families, including Sonu Hyong-chol, general officer of the Korean People's Internal Security Forces; Cha Hui-rim, chairman of the Pyongyang City People's Committee; and Ri Yong-sik, chief secretary of the party's Pyongchon District Committee.

The accident caused leader Kim Jong-un to "sit up all night, feeling painful" and instruct leading officials of the party, state and army to "rush to the scene, putting aside all other affairs, and command the rescue operation to recover from the damage as early as possible," Kim Su-gil, a party secretary in Pyongyang, was quoted as saying by the KCNA.

Though the search operation ended Saturday, a national emergency response team was set up to facilitate the rescue efforts and the treatment of the injured, it added.

The report marks a rare admission of a tragic accident by the reclusive, erratic regime, which has long claimed infallibility across the board.

The fallen apartment building was part of an ambitious initiative to "modernize" Pyongyang, launched in 2002 by late strongman Kim Jong-il. The plan called for building 100,000 housing units, including some 2,700 in high-rises, along with parks and monuments across 13 districts in the capital city.

The revelation reflects its efforts to prevent public anger at home, while flaunting its credentials as a responsible, legitimate government after lambasting the South for its botched response to the recent ferry disaster, observers say.

Read this article:
Pyongyang issues rare apology after apartment building collapses