Commercial Real Estate News for Tuesday, March 27

In Tuesday’s commercial real estate news – we’ll give you a look at MetLife Investment’s recent transactions, how much millennials really spend on rent, and so much more. 

 

MetLife Investment Management exceeds $16 billion in global commercial real estate transactions for 2017

MetLife Investment Management (“MIM”), MetLife, Inc.’s (NYSE:MET) institutional asset management platform, announced today that it completed $16 billion in global real estate transactions on behalf of investors in 2017.

With nearly full employment in the U.S., employees across industries have a sense that they can leave a job without fear of not being able to find another one.

 

Report: Millennials Spend More on Rent Than Previous Generations

By the time millennials turn 30, they will have paid nearly $93,000 in rent, a new study finds.

The most significant innovations of the last century have a couple of common elements: They solved simple problems in the lives of everyday people, and almost nobody recognized that these problems needed to be solved.
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