Category Archives: News

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

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)

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

  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

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

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

  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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