AUSTIN-Stratus Properties' shareholders have plenty of reason to smile, with the news that fourth-quarter earnings will bring 37-cents per share. Overall, the stockholders have realized 85-cents per share this year, an increase of 67 cents over 1999 returns.

SAN DIEGO-San Diego-based Cahan Properties buys 13.6 acres in south Temecula, for a 121,200-sf neighborhood shopping center.

TACOMA, WA-The 13.7-acre property in the heavy-industrial waterfront area here was the only such parcel that Simpson had not yet developed. The subsidiary of Seattle-based Simpson Investment Company owns about 150 acres here, including a timber mill.

ATCHISON, KN-Foundries in Beloit, WI and South Beloit, IL will close, joining foundries in Pennsylvania on the company's list of closed facilities. Still operating are the main plant here and machine shops in St. Joseph, MO.