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Daily Real Estate News  |  January 12, 2007  |   Going Green Expected to Attract Big Bucks
Venture capitalists are putting more of their money into green construction materials, pushing the industry forward fast.

Investors are being lured into the green construction market after findings from recent reports showed good times ahead for green construction, such as one report from McGraw-Hill Construction and the National Association of Home Builders. In that June 2006 report, they predicted that the residential green building marketplace would boost its market share to between $19 billion and $38 billion by 2010, up from $7.4 billion in 2005.

"It's at an inflection point where things are making sense and are going beyond a few commercial and government buildings," says Michael DeRosa, a managing director with DFJ Element Venture Partners.

If there's anything holding back this kind of investment, it’s the mundane aspect of the business. “It’s just not very sexy,” says Nancy Floyd, co-founder and managing director at Nth Power, a venture capital firm.

Source: San Jose Mercury News (01/10/07)

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