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Hurricane Florence Threatens More Than $33 Billion in Commercial Property

Hurricane Florence, an intensifying Category 3 storm nearing the shores of North Carolina and South Carolina, will imperil an estimated $33.5 billion in commercial real estate. In an analysis of the coastline from Georgetown, South Carolina, to Buxton, North Carolina, the stretch of the East Coast likely to take the brunt of the storm, a CoStar Group analysis shows $33.5 billion in commercial and multifamily properties. That is property value…

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