MIAMI-As Hurricane Irene approaches US shores, some commercial real estate owners may be holding their breath—and so could state-run insurers. If Irene stays on course, it could become a Category 4 hurricane before it hits shore. That means winds of at least 131 miles an hour will battle buildings there.

If the buildings are built by Procacci Development, though, they might beat the storm. Procacci class A office buildings are built to withstand winds up to 185 miles an hour—a Category 5 hurricane. But the fact is most buildings along the eastern seaboard are not up to that par.

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