San Francisco-based New Resource Bank, founded in 2005 as the country’s first bank specifically created for green business, has launched a loan program which will provide developers with financial incentives for green building projects. The bank’s founding members include green building experts Greg Kats, Jonathan Rose, and Malcolm Lewis of CTG Energetics, and the new […]
Archive | Finance
New York’s Cleantechs Aren’t Cleaning Up
By Stephen Del Percio on January 17, 2007 in Bank of America Tower, Finance, Market Analysis, New York City
According to Crain’s, the rest of the country is leaving New York State in the dust when it comes to the cleantech industry. Cleantech companies (manufacturers of any product or providers of any service furthering natural resource conservation) received $2.9 billion in venture capital in 2006, up 78% from 2005. However, from 1999 through 2005, […]
Venture Capital Flowing to Green Building Materials Sector
According to the Associated Press (via Forbes), during the last two quarters of 2006, several venture investors, including DFJ Element, NGEN Partners, Nth Capital, and Rockport Capital Partners, backed a variety of companies producing sustainable construction materials. NGEN, for example, led the Series B round last August for Hycrete, Inc., a Jersey City, New Jersey-based […]
BD+C White Paper: Chapter 3, Financing Green Office Buildings
My somewhat ambitious goal for the remainder of 2006, at least with respect to this blog, is to provide a review, with commentary, for each chapter of the 2006 Building Design + Construction green building White Paper (which came out last month and is entitled Green Buildings and the Bottom Line). In my last post […]
Starwood Capital Group to Create Green Luxury Hotel Brand
The Starwood Capital Group recently announced plans to build a chain of luxury green hotel properties, the first of which will open in Seattle in 2008. The brand will be called “1,” for the one percent of revenue that each property will donate to local environmental groups, chosen by a steering committee constituted, in part, […]
