SALEM, OR-The 1% tax is expected to generate $7 million a year, the vast majority of which is required to be spent on projects aimed at boosting tourism, such as marketing campaigns.

GUANGZHOU, CHINA-To be one of the largest airport complexes in Southeast Asia, the $500-million development includes a 300,000-sm terminal complex, a 500-room hotel and 25,000-sm of commercial space. It is scheduled to open in summer of 2004 after several months of testing.

BATON ROUGE, LA-The Miami-based REIT finds 71,000-sf worth of tenants to backfill space at a 174,000-sf retail center in Baton Rouge and another property in Galliano that were vacated by Kmart in December 2002.

FEDERAL WAY, WA-Lahka Properties sells the Heron Building in Federal Way to the Gerlicher Company for $212 per sf, a record high for the Federal Way market.

PORTLAND-The property is being marketed as a redevelopment play that would likely receive financial assistance from the City of Portland's urban renewal agency, which considers the site a key element of its Lents Town Center Urban Renewal Plan.

NASHVILLE, TN-Amercian Retirement Corp. of Nashville sells its option to buy the properties to CNL Retirement Properties, which pays $72 million to acquire them and then leases the properties long-term to American Retirement, which has managed the properties since their completion in 1999.

PALO ALTO, CA-Carr & Ferrell LLP has leased 24,000 sf in a two-story class A building at Equity Office Properties' Embarcadero Place complex in Palo Alto. The technology law firm is consolidating operations located in two nearby buildings, one of which is in the complex.

CHENGDU, CHINA-The plant in Chengdu will be used to produce finished semiconductors from silicon wafers made in other countries. Intel generates 70% of its sales outside the United States, and China is its fastest growing market.