A green (building) letter day
The New York Times (Jan. 10th) carried a story about green renovations featuring Jonathan Rose’s “Rose Smart Growth Fund” and its investments in building renovations, as well as the ongoing story of what’s happening with the fund’s first investment in two Seattle buildings. The Desert Sun of Palm Springs reported on the upcoming mandate of stringent energy efficiency standards in the nearby city of Palm Desert, a fairly wealthy enclave, 10% to 15% stronger than California’s own strict standards. Compliance will include certification by LEED, Energy Star or the homebuilders’ own “California Green Builder” program. Finally, Forbes Magazine reported an Associated Press story about increased interest by venture investors in green building technologies. When private equity investors start looking at an industry and making investments, that usually indicates there’s something very substantial happening.
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