The buildingat 3160 Porter Dr. will be a life science incubator and small labsuites (credit: Vantage Point Photo).

➤➤Join the GlobeSt.HEALTHCARE (formerly RealShare)conference December 3-4 in Scottsdale, AZ. The event will cover theindustry's major issues as well as the prevailing and upcomingtrends in regulations, space use, budgeting, and technologyimplementation. Through panel discussions and peer-to-peernetworking opportunities, the attendees will gather expert insightson how these factors will affect the development, operation,investment and design of healthcare real estate. Also, be sure toget your nomination in for our healthcareinfluencer and seniorhousing influencer feature. Clickhere to register and view theagenda.

STANFORD, CA—Alexandria Real Estate Equities Inc. acquired 3160Porter Dr., a 92,000 rentable square feet redevelopment project inStanford Research Park, for $26 million. Alexandria was selected byStanford University to transform 3160 Porter Dr. into an innovationcenter to foster the growth of early- and growth-stage life sciencecompanies, and enable the discovery and development of newtreatments and cures that will positively impact human health.

To enhance the long-term vision of placing a biosciencecommunity near its campus, Stanford University is working to shapepart of Stanford Research Park into a life science district focusedon fast-growing sectors such as bioengineering, gene therapies,diagnostics, medical technology and devices, surgical robotics, anddigital health. 3160 Porter Dr. is a key component of this effort,according to Stanford News. The building will serve as the flagshipanchor of an emerging life science district focused onbioengineering, gene therapies, diagnostics, medical technologiesand devices, surgical robotics and digital health. This anchorposition is located within the greater Stanford innovation clusterand in close proximity to the Stanford University campus, renownedhospitals and a diverse mix of innovative companies.