LONDON-Donald Gordon, chairman of Liberty International, surprised the market by announcing a 5.2% increase in the valuation of its property portfolio.

CHOCOLATE BAY, TX-The sealed bid sale delivers the deed to BP Amoco, which intends to use the tract as a buffer for its nearby plant instead of a building site. Seller IP Farms is down to 9,715 acres of a 22,215-acre disposition.

SAN ANTONIO-The owners aren't rushing into the plan, but redevelopment is a pretty sure bet for the site, just north of downtown San Antonio. A Feb. 4 auction is planned for the equipment as the owners plot a mixed-use adaptive reuse.

LONDON-Demand for commercial property is continuing to slow, according to a new survey of the membership of the Royal Institution of Chartered Surveyors, with little sign of an economic upturn to halt the slide in office rents.