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An estimated $1.8B in commercial real estate backing $1.3B in CMBS debt lies within areas under an evacuation order or warning related to fires burning in the Los Angeles area, according to a Trepp analysis obtained by Bisnow.

While most of the properties already burned or in the path of the fires are single-family residential, Trepp identified 152 commercial properties in the evacuation areas. Nearly 60 are multifamily, according to Trepp, but retail spaces, hotels and a few offices are sprinkled into the mix.