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LATEST STORY · ISSUE #001

LATEST STORY · ISSUE #001

The $446 Million Bet on Buildings That Eventually Belong to Stanford

The $446 Million Bet on Buildings That Eventually Belong to Stanford

Alexandria paid $446 million for a Palo Alto campus in 2022. Its latest estimated fair value less costs to sell: about $95.3 million, as Stanford’s land-lease clock keeps running.

Alexandria paid $446 million for a Palo Alto campus in 2022. Its latest estimated fair value less costs to sell: about $95.3 million, as Stanford’s land-lease clock keeps running.

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The Dark Anchor explores the people, deals, and decisions behind money and power. We connect compelling financial stories with the economics behind them—from commercial real estate and Wall Street to business empires and documented scandals.

The Dark Anchor explores the people, deals, and decisions behind money and power. We connect compelling financial stories with the economics behind them—from commercial real estate and Wall Street to business empires and documented scandals.

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Trace the people, capital, incentives, and decisions behind the story.

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Make the financing, trade-offs, and business models understandable.

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