Tuesday, May 23, 2006 TEJON RANCH COMPANY – DMB ASSOCIATES FINALIZE PARTNERSHIP Joint venture to develop Tejon Mountain Village TEJON RANCH, Calif. (May 23, 2006) — Tejon Ranch Company (NYSE: TRC) today announced the signing of a joint venture agreement with DMB Associates of Scottsdale, Ariz., a leading resort/recreational planned community developer in the West,…

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