NEW YORK CITY-The Kohn Pederson Fox-designed master-planned development in Incheon City, South Korea break ground by year's end. Gale Co. officials welcomed Incheon City Mayor Sang-Soo Ahn last week at a reception where plans for the project were revealed.

RALEIGH, NC-CB Richard Ellis-Raleigh taps Mark Prevost as senior vice president of leasing for North Carolina's Research Triangle. His focus will be on building and maintaining relationships with tenants as well as owners and investors.

PIACENZA, ITALY-The cosmetics and pharmaceuticals distributor already leases a 328,442-sf ProLogis facility here. Construction on the new building will begin in early February and is scheduled to be completed in September.

PIACENZA, ITALY-The cosmetics and pharmaceuticals distributor already leases a 328,442-sf ProLogis facility here. Construction on the new building will begin in early February and is scheduled to be completed in September.

NEW YORK CITY-Transwestern sells the building, which went under contract in late 2002 for $62.5 million after a previous deal with Rockrose fell through. Ackman Ziff put together the joint venture. The deal closed last week.

NEW YORK CITY-Transwestern sells the building, which went under contract last month for $62.5 million. Ackman Ziff put together the JV. The deal closed last week.

PETERBOROUGH, ONTARIO-The German carrier plans a June move-in at a build-to-suit office property northeast of Toronto. CB Richard Ellis' brokered for the airline while the building owner was self-represented.

NEW YORK CITY-The transaction includes 27 Kroger and Safeway grocery stores, all of which are triple-net leased. The REIT also expects to close within a month on a one-million-sf Delaware regional shopping center.