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CA Storm Damage Total Could Reach $11B

The wind-whipped storm that dropped an historic amount of rain on California this week has caused as much as $11 billion in damage and economic losses as well as costing lives, Bloomberg News reported Tuesday.

A preliminary calculation from Accuweather put the estimated losses at $9 billion to $11 billion after more than 11 inches of rain fell in the mountains west of Los Angeles, for one of the wettest two-day periods in 147 years, AccuWeather said. One man died after being struck by a tree limb and another was killed when a tree fell on his home, the governor’s office said.

In Los Angeles, Mayor Karen Bass declared a state of emergency, a day after Gov. Gavin Newsom declared an emergency in eight Southern California counties. The governor on Tuesday sent 120 additional California Highway Patrol officers to Oakland and the East Bay to combat crime.

The storm marked the second strong atmospheric river — long plumes of moisture off the Pacific Ocean — to hit California in a week. A year ago, a string of atmospheric rivers killed 22 people and caused as much as $34 billion in damages in the state, according to Accuweather. Scientists predict global warming will make California’s wet and dry seasons more extreme, resulting in more intense deluges and droughts.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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