Tehachapi Mountains

New Industrial Building Under Construction at the Tejon Ranch Commerce Center

Retrieved on: 
Wednesday, July 7, 2021

TEJON RANCH, Calif., July 07, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today it has commenced construction of an approximate 630,000-square-foot speculative industrial building at the Tejon Ranch Commerce Center (TRCC) with its joint venture partner Majestic Realty Co., the nations largest privately-held industrial developer.

Key Points: 
  • TEJON RANCH, Calif., July 07, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today it has commenced construction of an approximate 630,000-square-foot speculative industrial building at the Tejon Ranch Commerce Center (TRCC) with its joint venture partner Majestic Realty Co., the nations largest privately-held industrial developer.
  • At 629,274 square feet, the new building is the largest of the three, the other two being 480,480 and 579,040 square feet respectively.
  • Tejon and Majestic also own a fully leased 651,909 industrial building on the west side of TRCC.
  • The Tejon Ranch Commerce Center is located at the junction of Interstate 5 and Highway 99, approximately 40 minutes north of Santa Clarita.

Outlets at Tejon to Host Exclusive Media Availability Ahead of Art at OAT Event

Retrieved on: 
Wednesday, June 9, 2021

Marketing director for the Outlets at Tejon, Becca Bland

Key Points: 
  • Marketing director for the Outlets at Tejon, Becca Bland
    Where: The Outlets at Tejon, 5701 Outlets at Tejon Pkwy, Tejon Ranch, CA 93203
    The Outlets at Tejon is a 365,000-square-foot premier shopping destination easily accessed from Los Angeles, Bakersfield, the Antelope Valley and the San Fernando Valley.
  • The Outlets at Tejon is situated on 43 acres along Interstate 5 and is a part of the Tejon Ranch Commerce Center.
  • The center has over 40 retailers, shade structures, seating areas and large plentiful restrooms to give shoppers a pleasant experience.
  • Tejon Ranch Company (NYSE: TRC) is a publicly traded diversified real estate development and agribusiness company whose primary asset is Californias historic Tejon Ranch.

Tejon Ranch Co. Names Senior Vice President of Real Estate

Retrieved on: 
Monday, May 10, 2021

b'TEJON RANCH, Calif., May 10, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today that Rachel Freeman has joined the company as Senior Vice President of Real Estate.

Key Points: 
  • b'TEJON RANCH, Calif., May 10, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today that Rachel Freeman has joined the company as Senior Vice President of Real Estate.
  • Freeman is a veteran real estate executive with 15 years of experience.
  • Previously, Freeman held senior level real estate positions at Sears Canada, Inc., and the Hudson\xe2\x80\x99s Bay Company.\nFreeman earned a bachelor\xe2\x80\x99s degree from McGill University in Montreal, Canada.
  • She is a member of the Urban Land Institute (ULI) and the International Council of Shopping Centers (ICSC).\nAbout Tejon Ranch Company (NYSE: TRC)\nTejon Ranch Co. is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield.

Tejon Ranch Co. Announces First Quarter 2021 Financial Results

Retrieved on: 
Wednesday, May 5, 2021

b"TEJON RANCH, Calif., May 05, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three-months ended March 31, 2021.\nThe Company is in the process of planning, entitling and developing four master planned developments in southern California.

Key Points: 
  • b"TEJON RANCH, Calif., May 05, 2021 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three-months ended March 31, 2021.\nThe Company is in the process of planning, entitling and developing four master planned developments in southern California.
  • That project\xe2\x80\x99s approval was challenged by two lawsuits which collectively contained 23 separate claims.
  • Accordingly, we have entered into our fourth joint-venture agreement with Majestic Realty Co., to construct a 629,274 square foot industrial building on the east side of our Tejon Ranch Commerce Center, or TRCC.
  • For the quarter, the joint venture experienced significant declines in fuel margins resulting from higher fuel costs.

Tejon Ranch Co. Names General Counsel

Retrieved on: 
Friday, April 23, 2021

b'Tejon Ranch Co. (NYSE: TRC) announced today the appointment of Marc W. Hardy as Senior Vice President and General Counsel.

Key Points: 
  • b'Tejon Ranch Co. (NYSE: TRC) announced today the appointment of Marc W. Hardy as Senior Vice President and General Counsel.
  • Hardy is currently Of Counsel with the Buchalter law firm in Irvine, California, and from 2001 to 2020 served as Assistant General Counsel and then General Counsel/Assistant Secretary for the A.G. Spanos Companies.
  • He has extensive experience in corporate law, real estate, land use and environmental issues.
  • Tejon Ranch is positioned for growth with its fully operational commercial/industrial real estate development and three master planned communities on the horizon.\nMore information about Tejon Ranch Co. can be found online at http://www.tejonranch.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210423005551/en/\n'

Climate Victory at Tejon Ranch

Retrieved on: 
Friday, April 9, 2021

LOS ANGELES, April 9, 2021 /PRNewswire/ -- As headlined in the Los Angeles Times on April 8, 2021 , Climate Resolve has successfully delayed the construction of the Tejon Ranch development, in a lawsuit citing inaccuracies in the developer's environmental impact report (EIR).

Key Points: 
  • LOS ANGELES, April 9, 2021 /PRNewswire/ -- As headlined in the Los Angeles Times on April 8, 2021 , Climate Resolve has successfully delayed the construction of the Tejon Ranch development, in a lawsuit citing inaccuracies in the developer's environmental impact report (EIR).
  • Climate Resolve argued that the project's proximity to wildfire hazards and the developments' projected greenhouse gas emissions violated state environmental law.
  • "The Tejon Ranch environmental impact report made false claims that California's cap-and-trade system somehow satisfied all emissions requirements," says Jonathan Parfrey, executive director of Climate Resolve.
  • "We are painfully aware of California's need for additional housing," says Michael Swords, board chair of Climate Resolve, "However, new housing must be constructed to withstand the worsening impacts of climate change.

Finish Line in Sight for Efforts to Build Nearly 20,000 Homes in Los Angeles County

Retrieved on: 
Thursday, April 8, 2021

The judge rejected all claims raised by the Center for Biological Diversity and the California Native Plant Society.

Key Points: 
  • The judge rejected all claims raised by the Center for Biological Diversity and the California Native Plant Society.
  • In most of the issues related to greenhouse gasses and fire risk, including Centennials wildfire protection program, the court ruled in favor of Tejon Ranch and Los Angeles County.
  • In addition to much-needed housing, Centennial is projected to create more than 23,000 permanent jobs on site and nearly 25,000 construction jobs.
  • The concerted efforts by CBD and other extremist groups only serve to worsen Californias housing shortage and drive home costs ever higher.

Tejon Ranch Co. Announces Fourth-Quarter and Year-Ended December 31, 2020 Financial Results

Retrieved on: 
Wednesday, March 3, 2021

Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the fourth quarter and year-ended December 31, 2020.

Key Points: 
  • Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the fourth quarter and year-ended December 31, 2020.
  • Despite the challenging circumstances we faced during 2020, we were able to advance the Company's mission and create greater value for the shareholders."
  • Although COVID-19 disrupted international trade during its early onset, it ultimately had a minimal effect on the Company's overall 2020 sales volumes.
  • The Company will also continue to invest in its residential projects, including Mountain Village at Tejon Ranch, Centennial at Tejon Ranch and Grapevine at Tejon Ranch.

Environmental Groups Make Last Minute Attempt to Correct Major Error in a Defective Lawsuit Regarding the Tejon Ranch Conservation and Land Use Agreement

Retrieved on: 
Wednesday, January 27, 2021

This eleventh-hour effort to correct such a sloppy and glaring error relates to only one of the numerous defects in the complaint that Tejon Ranch Co. has raised in its motion to dismiss.

Key Points: 
  • This eleventh-hour effort to correct such a sloppy and glaring error relates to only one of the numerous defects in the complaint that Tejon Ranch Co. has raised in its motion to dismiss.
  • They attempted to salvage their misguided accusations only when a hearing by the court on their defective approach was imminent.
  • Tejon Ranch Company has an ethic of stewardship and a legacy of protecting ranch lands spanning more than 175 years.
  • To ensure the conservation easements on these lands would be managed, the Tejon Ranch Conservancy was created.

Court Rules in Favor of Tejon Ranch and Kern County Regarding Re-Approval of Grapevine at Tejon Ranch Master Planned Community

Retrieved on: 
Friday, January 22, 2021

In December 2016, the Kern County Board of Supervisors unanimously approved Grapevine.

Key Points: 
  • In December 2016, the Kern County Board of Supervisors unanimously approved Grapevine.
  • CBD sued the following year, and subsequently lost six of the seven issues it raised regarding the sufficiency of the projects environmental impact report.
  • In todays ruling, the court rejected CBDs attempt to re-litigate issues it had already sued on and lost.
  • The lawsuit was the 12th legal action filed by CBD against Tejon Ranch and its interests since 2003.