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Green Building Industry Wrestles with Recession

Developers attempting to launch sustainable-design projects and landlords who wish to complete energy-efficient property upgrades in the coming year face looming challenges that range from tight credit to slower returns on investment, experts say. Across the nation, green development has suffered from the credit crunch along with conventional commercial real estate projects, according to attorney Mary Anne Sullivan, partner in the Washington, D.C. office of law firm Hogan & Hartson. Earlier this year, one of her clients arranged financing with Lehman Brothers for a renewable energy project only to have the loan fall through a ...

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