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Boston & New England  + Boston  + Office  | 
Värde Partners and Hawkins Way Capital have purchased the Sheraton Boston Hotel in the Back Bay neighborhood of downtown Boston, MA from Host Hotels & Resor.

CBRE: Boston is Leader in Northeast Recovery

Northeastern metros are rebounding from the disruption of Covid-19 and no market in the region is enjoying a more broad-based recovery than Boston, which shows consistent signs of resilience and growth across five metrics, according to a new report from CBRE.

CBRE reports that greater Boston’s pandemic-proof life sciences sector was unimpeded by the economic fallout and even managing to grow headcount through 2020 and 2021. That growth contributed to a strong rebound for the larger office-using employment rate in Greater Boston and a relatively low unemployment rate when compared to other metros.

The firm expects Boston’s multifamily market to grow by nearly 15,000 units over the next two years to keep pace with the rapid growth of the professional class. That growth will account for a nearly 3% increase in inventory.


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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.