The New York Observer

Looks like the recession has born some green shoots, after all—for green groupies.

Nonprofit land trusts, who buy up swathes of empty land for preservation purposes, are reaping the benefits of the tumbled real estate market in New York and New Jersey, according to the Journal. Developers are finding themselves in the less than ideal position, of making a reluctant call to a land trust and offering them hundreds of acres, at up to 90 percent discounts. Read More