Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For months I have been warning that the Mideast is about to explode and there will be ramifications to US real estate. Now we are there. While it is highly likely that the Egyptian army will prevail, and the Muslim Brotherhood will be crushed, the turmoil will not suddenly stop. They will likely go back to and underground battle for many years, terrorist tactics and continued threats to other governments in the area. What we are seeing in Egypt, Syria, Jordan, Lebanon and the whole of North Africa, is nothing less than the ultimate war of Sunni vs Shiia, and Iran vs the monarchies and Israel. This is the final stage of the Islamists vs the secularists and the Sunni. Unfortunately Obama and Hilary have never understood what is really occurring and chose to sit it out and lead from behind. We did not have boots on the ground in Libya so now we have terrorists throughout the region obtaining advanced weapons from the Libyan stockpiles we should have seized. They did not protect the CIA base in Benghazi, so the agents who were trying to scoop up many of these weapons had to flee.

What does all this have to do with you and real estate. Oil prices. Terrorism in Europe and maybe here. This is an existential battle for the Islamists and the Muslim Brotherhood and Iran. The final battle with Iran is nearing, and Israel knows it cannot count on Obama so there is a real wildcard of an Israeli attack on Iran in the next 6 to 12 months using very advanced weapons and then the ultimate battle in the Mideast will be fought. There is no way to know how this may spread, how long oil will be shut down, and no way to know what other impacts on capital markets it will have. Investors here have continued to just ignore the region as though it makes no difference. It matters to you. Pay attention.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.