George Kurt Of FalconEye Ventures Acquires Mixed-use Complex In Scottsdale For $645.1M
15279 North Scottsdale Road, Ste 260
$645,100,000
$854/SF
Building Size
755,000 SF
Asset Type
Mixed-use
Closing
Jul 7, 2025
About this deal
AI
The recent sale involved a mixed-use property located at 15279 North Scottsdale Road & Ste 260 in Scottsdale, AZ. The asset spans a total of 755,000 square feet and features nearly 600 residential units. The sale was completed for a price of $645,100,000, translating to a price per square foot of $854.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $645,100,000
- Address: 15279 North Scottsdale Road & Ste 260
- Market: Scottsdale, AZ
- Square Footage: 755,000
- Price per Square Foot: $854
- Buyer: George Kurt - FalconEye Ventures
The buyer, George Kurt, is the founder of FalconEye Ventures, a company spearheaded by a billionaire tech entrepreneur. The acquisition marks a significant addition to the Scottsdale Quarter, enhancing the company's portfolio with a notable mixed-use complex.
On the Map
$645,100,000
$854/SF
Mixed-use
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Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93