reports
Tejon Ranch Co. Announces First Quarter 2024 Financial Results
Tejon Ranch Co. Announces First Quarter 2024 Financial Results TEJON RANCH, Calif., May 07, 2024 (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, 2024. "During the first quarter of 2024, the Company continued its strategic focus on unlocking the value of our unique land assets, including commencement of construction of our first residential community, Terra Vista at Tejon, a new multi-family apartment community located immediately adja...
Tejon Ranch President and CEO Announces Retirement Date
Tejon Ranch President and CEO Announces Retirement Date TEJON RANCH, Calif., March 20, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (TRC-NYSE). Today, Mr. Gregory Bielli, President, and Chief Executive Officer (CEO) of Tejon Ranch Co., announced his intent to retire on December 31, 2024. Mr. Bielli has been President and CEO of Tejon Ranch Co. for over 10 years, since 2013. Mr. Bielli joined the company to create an integrated real estate company that now includes planning, entitlements, construction, sales and leasing of all classes of real estate assets and growing its non-real estate platf...
Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2...
Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2023 Financial Results TEJON RANCH, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- 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, 2023. "In 2023, we established an important foundation for future growth with the closing of a new $160 million unsecured revolving credit facility with AgWest Farm Credit, based on the Company's deep agricultural heritage and ongoing ranching ...
Veteran Real Estate Professional to Head Tejon Ranch’s First Residenti...
Veteran Real Estate Professional to Head Tejon Ranch’s First Residential Multi-Family Community, Terra Vista at Tejon TEJON RANCH, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (TRC: NYSE) announced today the hiring of Chris Wilson as Vice President of Real Estate. Wilson will oversee the construction, lease-up and operations of the Terra Vista at Tejon apartment community. He brings over 23 years of experience in construction management and senior project management including the successful delivery of several quality multifamily projects in California. Wilson also brings str...
Nestlé Joins Growing List of National and Multinational Companies Oper...
Nestlé Joins Growing List of National and Multinational Companies Operating at the Tejon Ranch Commerce Center The Tejon Ranch Commerce Center continues its rapid growth as construction begins on a new distribution facility for the world’s largest food and beverage company TEJON RANCH, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- . (NYSE: TRC) announced today that construction is underway on a new distribution center for , (Nestlé) the world’s largest food and beverage company with a robust U.S. footprint. The new multi-story building, which will be more than 700,000 square feet, will be l...
Tejon Ranch Company to Start Construction on Its First Residential Mul...
Tejon Ranch Company to Start Construction on Its First Residential Multi-Family Community, Terra Vista at Tejon TEJON RANCH, Calif., Jan. 09, 2024 (GLOBE NEWSWIRE) -- (TRC: NYSE) announced today it is taking the next step in its evolution as a real estate development company by moving forward with the development of residential communities on the Ranch, providing much-needed new housing for the region. The Company will begin construction to start the new year on Terra Vista at Tejon, a new multi-family apartment community located immediately adjacent to the in the Company’s (TRCC). T...
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Announces New Le...
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Announces New Lease and Tenant at the Tejon Ranch Commerce Center (TRCC) RectorSeal, a leading manufacturer and distributor of industrial components, relocates from the Los Angeles basin to join the growing list of companies moving distribution operations to TRCC TEJON RANCH, Calif., Dec. 04, 2023 (GLOBE NEWSWIRE) -- The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced it has secured a lease, several months in advance of occupancy, with RectorSeal, LLC. RectorSeal is a leading manufacturer of quality...
Tejon Ranch Co. Secures Significant New Unsecured Revolving Credit Fac...
Tejon Ranch Co. Secures Significant New Unsecured Revolving Credit Facility Agreement with AgWest Farm Credit provides $160 million in financing capacity TEJON RANCH, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today it has closed on a new $160 million unsecured revolving credit facility with AgWest Farm Credit. Initially, the Company will use the new financing source to pay off a term loan, as well as replace its existing $45 million secured revolving line of credit, with Bank of America. The new credit facility will be available to fund future co...
Tejon Ranch Co. Announces Third Quarter 2023 Financial Results
Tejon Ranch Co. Announces Third Quarter 2023 Financial Results TEJON RANCH, Calif., Nov. 07, 2023 (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- and nine-months ended September 30, 2023. "The momentum we've built over the last several years at the Tejon Ranch Commerce Center (TRCC) continues, as the Company is experiencing increased activity," said Gregory S. Bielli, President and CEO of Tejon Ranch Co. "A Los Angeles-based company recently pre-leased space a...
Tejon Ranch Co. Announces Second Quarter 2023 Financial Results
Tejon Ranch Co. Announces Second Quarter 2023 Financial Results TEJON RANCH, Calif., Aug. 03, 2023 (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- and six-months ended June 30, 2023. "We made progress in several areas of our business this quarter, including higher revenues in our commercial/industrial operations. By driving costs lower, we improved net income and Adjusted EBITDA compared with last year’s second quarter. Furthermore, our balance sheet as of Jun...
Tejon Ranch Co. Names New General Counsel
Tejon Ranch Co. Names New General Counsel TEJON RANCH, Calif., July 10, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today the reappointment of Michael R.W. Houston as Senior Vice President, General Counsel and Corporate Secretary. Houston previously held those positions at the Company for almost five years beginning in 2016. He left Tejon Ranch in 2021 to join the Southern California Association of Governments, where he served as Chief Counsel and Director of Legal Services for the nation’s largest metropolitan planning agency. Prior to his initial tenure with Tejon Ran...
Veteran Tejon Ranch Co. Real Estate Executive Joins Company To Head Ce...
Veteran Tejon Ranch Co. Real Estate Executive Joins Company To Head Centennial Project Nathan Keith returns to Tejon Ranch to oversee efforts to develop the much-needed mixed-use master planned community located in an area of NW Los Angeles County already zoned for residential and commercial construction TEJON RANCH, Calif., March 29, 2023 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC) announced today the hiring of Nathan Keith as Senior Vice President of Real Estate. Keith was instrumental in helping shepherd the Company’s Centennial at Tejon Ranch mixed-use master planned community th...
Tejon Ranch Co. to Evaluate All Options to Proceed With the Eventual D...
Tejon Ranch Co. to Evaluate All Options to Proceed With the Eventual Development of Centennial at Tejon Ranch Following Court Ruling A Los Angeles County Superior Court directs Los Angeles County to correct a minor number of court-identified flaws in the original environmental impact report before issuing further permits and approvals to allow development of the Centennial at Tejon Ranch master planned community. LOS ANGELES, March 27, 2023 (GLOBE NEWSWIRE) -- Los Angeles Superior Court Judge Mitchell Beckloff has ordered Los Angeles County to rescind the Centennial project’s 2019 appro...
Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2...
Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2022 Financial Results TEJON RANCH, Calif., March 08, 2023 (GLOBE NEWSWIRE) -- 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, 2022. "2022 was a productive year for the Company, led by our commercial/industrial real estate business segment. We completed construction and fully leased a 629,274 square feet industrial building. In 2023, we plan to further expand our footprint at ...
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Announce Pre-Lea...
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Announce Pre-Lease of Upcoming Industrial Building at the Tejon Ranch Commerce Center (TRCC) Major apparel company to relocate and consolidate operations from Los Angeles area TEJON RANCH, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) -- The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced it has secured—in advance of construction-- a full-building lease of the next industrial facility planned for its growing portfolio of industrial properties. The 446,000-square-foot industrial distribution facility will b...
Tejon Ranch Co. Announces Settlement of Litigation Related to the Tejo...
Tejon Ranch Co. Announces Settlement of Litigation Related to the Tejon Ranch Conservation and Land Use Agreement TEJON RANCH, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Tejon Ranch Co. is pleased to announce the resolution of a legal dispute involving the Tejon Ranch Conservancy and the signatories to the 2008 Tejon Ranch Conservation and Land Use Agreement (Agreement), namely, Audubon California, Endangered Habitats League, Natural Resources Defense Council, Planning and Conservation League, and the Sierra Club. The dispute stemmed from the signatories’ participation in the Antelope Vall...
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Leases Its Newly...
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Leases Its Newly Completed Industrial Building at Tejon Ranch Commerce Center (TRCC) TEJON RANCH, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) -- The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced it has completed construction and secured a full-building lease of its 629,274-square-foot industrial distribution facility to an undisclosed major retailer at the Tejon Ranch Commerce Center (TRCC). This latest transaction follows a series of recent deals at TRCC involving four building sites, comprised of more ...
Tejon Ranch Co. Announces Third Quarter 2022 Financial Results
Tejon Ranch Co. Announces Third Quarter 2022 Financial Results TEJON RANCH, Calif., Nov. 07, 2022 (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- and nine-months ended September 30, 2022. "In July 2022, we consummated a 58-acre land sale at Tejon Ranch Commerce Center (TRCC) to a large multinational corporation for $22.0 million. Additionally, our earnings from unconsolidated joint ventures increased by just over $2.0 million year-over-year, primarily attribut...
Tejon Ranch Co. Announces Second Quarter 2022 Financial Results
Tejon Ranch Co. Announces Second Quarter 2022 Financial Results TEJON RANCH, Calif., Aug. 03, 2022 (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- and six-months ended June 30, 2022. “Activity at the Tejon Ranch Commerce Center (TRCC) continues to expand with construction, sales and leasing when compared to previous years,” said Gregory S. Bielli, President, and CEO of Tejon Ranch Co. “Following the close of the second quarter, in July 2022 we consummated a 58...
Tejon Ranch Co. Announces First Quarter 2022 Financial Results
Tejon Ranch Co. Announces First Quarter 2022 Financial Results TEJON RANCH, Calif., May 09, 2022 (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, 2022. “The momentum we created at our commerce center continues with the formation of another joint-venture with Majestic Realty Co., to construct an approximately 446,400 square foot industrial building within our ever-growing distribution hub located in Tejon Ranch Commerce Center (TRCC),” said...
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