Category Archives: Press Release

TRC defends itself against defective, misguided lawsuit filed over Ranchwide Agreement

ENVIRONMENTAL GROUPS MAKE LAST MINUTE ATTEMPT TO CORRECT MAJOR ERROR IN A DEFECTIVE LAWSUIT REGARDING THE TEJON RANCH CONSERVATION AND LAND USE AGREEMENT Failure to include the Tejon Ranch Conservancy as a plaintiff in original lawsuit was a material defect and subject of a pending court hearing   Tejon Ranch, CA (January 26, 2021)  Following…

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Tejon Ranch wins lawsuit over approval of Grapevine master planning community

COURT RULES IN FAVOR OF TEJON RANCH AND KERN COUNTY REGARDING RE-APPROVAL OF GRAPEVINE AT TEJON RANCH MASTER PLANNED COMMUNITY TEJON RANCH, Calif.—(January 22, 2021)—Kern County Superior Court Judge Kenneth C. Twisselman today rejected, in its entirety, the most recent lawsuit filed by the Center for Biological Diversity (CBD), a Tucson, Arizona-based extremist environmental organization,…

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Federal Court sides with Tejon Ranch and USFWS in frivolous lawsuit filed by environmental groups

Court entirely rejects attempt by Center for Biological Diversity and other environmental groups to delay development on Tejon Ranch   (Los Angeles, CA)  The United States District Court, Central District of California, has granted summary judgment entirely in favor of the US. Fish & Wildlife Service and Tejon Ranch Co. in a lawsuit that challenged…

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Tejon Ranch Co. Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders

  PDF Version TEJON RANCH, Calif.–(BUSINESS WIRE)–Apr. 29, 2020– Tejon Ranch Co., or the Company (NYSE:TRC), a diversified real estate development and agribusiness company, today announced that due to the national COVID-19 health emergency, and to support the health and safety of its shareholders and employees, the Company’s 2020 Annual Meeting of Shareholders (the “Annual Meeting”)…

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Kern County Supervisors re-approve Grapevine master planned community

KERN COUNTY BOARD OF SUPERVISORS UNANIMOUSLY REAFFIRMS APPROVAL OF 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 10, 2019) – By a 5-0 vote, the Kern County Board of Supervisors unanimously reapproved the development of Grapevine at Tejon Ranch, a…

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Experience Tejon Ranch, explore, then stay a couple of nights

Beginning this month, Tejon Ranch is opening its doors to visitors to enjoy the Ranch, explore, have fun, and stay multiple nights.  We’ve partnered with Explore Ranches to offer guests accommodations from four private lodges at three locations across the Ranch. You will have access to our expansive landscape, perfect for activities like hiking, mountain…

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STATEMENT FROM TEJON RANCH CO. REGARDING LAWSUIT FILED AGAINST LOS ANGELES COUNTY OVER APPROVAL OF SPECIFIC PLAN FOR CENTENNIAL AT TEJON RANCH MASTER PLANNED COMMUNITY  

May 28, 2019 The Center for Biological Diversity (CBD), an extremist environmental organization headquartered in Tucson, Arizona, has, as expected, announced it has filed a legal challenge over Los Angeles County’s approval of the specific plan for Centennial at Tejon Ranch, a master planned mixed use residential community. Centennial is part of the overall Tejon…

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LOS ANGELES COUNTY BOARD OF SUPERVISORS FINALIZES APPROVAL OF CENTENNIAL AT TEJON RANCH

FOR IMMEDIATE RELEASE  April 30, 2019 Master planned community to positively impact housing and job creation in Southern California (Los Angeles, CA)  The Los Angeles County Board of Supervisors today gave final approval to the specific plan for Centennial at Tejon Ranch, a master planned mixed-use residential community located in the northwest Los Angeles County section…

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Tejon Ranch Co. Statement on frivolous lawsuit filed by Center for Biological Diversity against U.S. Fish & Wildlife Service

On April 25, 2019, we were made aware, via a press release issued by the Center for Biological Diversity (CBD), that it has filed a lawsuit against the US. Fish & Wildlife Service challenging the 2013 approval of a Multi-Species Habitat Conservation Plan covering the upland regions of Tejon Ranch. The lawsuit was filed a…

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

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

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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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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