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Mortgage rates are nearing 7% as inflation ticks back up: Freddie Mac

By: The 30-year fixed-rate mortgage averaged 6.88% this past week, according to Freddie Mac.  (iStock ) Mortgage rates continue their steady climb upward. Rates for 30-year mortgages averaged 6.88% this past week, Freddie Mac reported. Rates last week averaged 6.82%, and a year ago, the 30-year fixed-rate mortgage averaged 6.27%. “Mortgage rates have been drifting higher…

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Arizona Attracts ‘Record Investments,’ ‘Major’ Economic Wins

By Kari WilliamsFrom the March/April 2024 IssueNoted as a targeted growth sector in the 2024 Business Facilities Site Seekers’ Guide, Arizona’s semiconductor industry continues to grow. In late December 2023, the Arizona Commerce Authority (ACA) said it would invest $17.5 million in Arizona State University “to expand Arizona’s advanced semiconductor manufacturing capabilities.” The funds will go toward…

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Leasing activity heats up at Gainey Center II after acquisition by local investor

Seven companies have either leased space or expanded their operations at Gainey Center II.The three-story Scottsdale office building was acquired last summer by Phoenix-based Reliance Management — an entity led by Valley real estate investor Daryl Burton. It has seen 35,000 square feet of new occupancy since the building changed hands, said Andrew Cheney, principal at Lee…

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