Author Archives: Barry Zoeller

For second time in six months, TRCC secures lease with company re-locating from Los Angeles

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TEJON RANCH, Calif.–(BUSINESS WIRE)–Feb. 14, 2019– Tejon Ranch Co. (NYSE: TRC) today announced that it has agreed to terms on a lease with a company that will relocate its western US distribution operations from the Los Angeles area to the Tejon Ranch Commerce Center (TRCC) in the fourth quarter of this year. The company, which…

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LA County Board of Supervisors Greenlight Centennial at Tejon Ranch

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Los Angeles, CA (December 11, 2018) The Los Angeles County Board of Supervisors today took action to approve the specific plan for Centennial at Tejon Ranch, a master planned mixed-use residential community located in the northwest Los Angeles County section of Tejon Ranch. Centennial consists of 19,333 residential units and more than 10.1 million square…

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Tejon Ranch Co. is hosting an Investor Day on Thursday, October 4, 2018.  For those investors and other interested parties who are unable to attend, the morning presentations will be live streamed beginning at 9:00 am Pacific from the link below:

TRCC’s newest tenant, L’OREAL USA, approved for $2.3 million economic incentive

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BAKERSFIELD, Calif. – Today, the Kern County Board of Supervisors approved a $2.3 million incentive package for L’Oréal USA inc. The Board of Supervisors said that as part of Kern County’s effort to attract new business and grow existing businesses approved an economic incentive plan called Advance Kern in 2017 that offers companies a rebate on…

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L’ORÉAL USA TO OPEN DISTRIBUTION CENTER AT TEJON RANCH COMMERCE CENTER (TRCC)

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FOR IMMEDIATE RELEASE L’Oréal USA to relocate professional salon distribution operation to TRCC, the logistics hub located at the gateway to Kern County–California’s fast-growing distribution region    TEJON RANCH, Calif. (August 16, 2018) – Tejon Ranch Co. (NYSE: TRC) today announced that it has agreed to terms on a lease with L’Oréal USA, the largest…

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Dollar General Expands into New Building at Tejon Ranch Commerce Center

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  DOLLAR GENERAL TO EXPAND DISTRIBUTION OPERATIONS AT TEJON RANCH COMMERCE CENTER (TRCC) Dollar General leases additional space in new industrial building developed by Tejon Ranch Co. and Majestic Realty Co.   TEJON RANCH, Calif. (March 26, 2018) – The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced major discount…

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Kern County unveils new robust economic incentive program

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TEJON RANCH CO. APPLAUDS ROBUST NEW KERN COUNTY ECONOMIC DEVELOPMENT INCENTIVE POLICY Newly approved policy will assist, grow, and diversify the county’s economic base, encourage employment opportunities, and create jobs for local residents   TEJON RANCH, CA – (November 8, 2017) – Tejon Ranch Co. (NYSE: TRC) today lauded the Kern County Board of Supervisors…

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Tejon Ranch Co. announces successful completion of $90 million rights offering

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TEJON RANCH, California, October 30, 2017 – Tejon Ranch Co. (NYSE: TRC) announced today that, based on the preliminary results of its just concluded rights offering, it anticipates raising $90 million, the maximum gross proceeds possible.  The rights offering concluded on October 27, 2017 and was extremely well received and oversubscribed with demand for shares…

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Tejon Ranch Company Announces Commencement of Rights Offering to Stockholders

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  TEJON RANCH, California, October 4, 2017 – Tejon Ranch Co. (NYSE-TRC) – Tejon Ranch Co. (“Tejon”) announced today that it has commenced the previously announced rights offering to raise gross proceeds of up to approximately $75 million.  Under the terms of the rights offering, Tejon has distributed, at no charge, to the holders of…

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Environmental Impact Report released for Centennial at Tejon Ranch

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LA COUNTY RELEASES DRAFT ENVIRONMENTAL IMPACT REPORT  FOR CENTENNIAL AT TEJON RANCH Consistent with the Antelope Valley Area Plan, Centennial will create  30,000 permanent jobs and a $31.1 million surplus to LA County. Tejon Ranch, Calif. (May 17, 2017) – The County of Los Angeles has released the Draft Environmental Impact Report (DEIR) for Centennial at…

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2017 Explorer Membership Program Launched

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JUST IN TIME FOR SPRING TEJON RANCH LAUNCHES 2017 EXPLORER MEMBERSHIP PROGRAM   Exclusive membership gives members access to more than 25,000 acres of breathtaking landscapes and extensive outdoor activities   TEJON RANCH, Calif. (March 20, 2017)– Tejon Ranch Co. (NYSE: TRC), a fully diversified integrated real estate company and agribusiness whose principal asset is…

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Kern County Approves Grapevine Master Planned Community

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KERN COUNTY BOARD OF SUPERVISORS UNANIMOUSLY APPROVES GRAPEVINE AT TEJON RANCH Master planned community will include 12,000 residential units and 5.1 million square feet of commercial development Bakersfield, CA (December 6, 2016) – With today’s 5-0 vote, the Kern County Board of Supervisors unanimously approved the development of Grapevine at Tejon Ranch, a new master planned…

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TRC and Majestic Realty to develop spec industrial building

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Tejon Ranch Co. and Majestic Realty Co. Finalize Development Agreement Joint venture to develop a 480,000-square-foot industrial building at the Tejon Ranch Commerce Center September 20, 2016 02:00 PM Eastern Daylight Time TEJON RANCH, Calif.–(BUSINESS WIRE)–Tejon Ranch Co. (NYSE: TRC) announced today that it has signed a joint venture agreement with Majestic Realty Co., the…

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Majestic Realty comes to Tejon Ranch Commerce Center

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TEJON RANCH CO. AND MAJESTIC REALTY CO. PARTNER TO PURCHASE BUILDING Companies form a Limited Liability Company to purchase a 651,909-square-foot industrial building at Tejon Ranch Commerce Center (Tejon Ranch, CA) — Tejon Ranch Co. (NYSE: TRC) announced today that it has entered into an agreement with Majestic Realty Co., the nation’s largest privately-held industrial…

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AP: California’s Tejon Ranch to offer public access for $2,500 per family

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GORMAN, Calif. (AP) — Tejon Ranch, California’s largest contiguous expanse of private land, is a hefty chunk of paradise. The 270,000-acre property about 60 miles north of Los Angeles contains oak-studded ridges and grasslands teeming with wildlife. “You can literally explore this for days,” Mike Campeau, director of hunting and equestrian operations at the Tejon…

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