Tejon Ranch Co

Tejon Ranch Co., a Lebec company with cattle, farming and real estate development operations that has been hurt by the statewide drought, reported that its net income plunged 87% in the third quarter that ended Sept. 30 to $39,000. A year earlier, Tejon's net income was $300,000. Revenues increased 32% to $2.93 million from $2.22 million. In the nine months that ended Sept. 30, Tejon said its earnings fell 42% to $647,000 from $1.12 million in the same period in 1990. Revenues totaled $8.

Environmentalists who brokered a landmark agreement with a developer to set aside 240,000 acres of California wilderness are facing the ire of colleagues within the conservation community who contend that they, as one detractor put it, "sold out to the forces of destruction." The pact's potential effect on the California condor has prompted the harshest criticism, and has brought personal attacks as well.

Tejon Ranch Co., a Lebec-based concern with interests in livestock, farming and property leasing, said its fourth-quarter profit rose 6% from a year earlier on a 9% increase in revenue. The company's net income in the three months ended Dec. 31 climbed to $890,000 from $837,000, and its revenue rose to $7.32 million from $6.74 million. Higher cattle sales and increased production of walnuts and pistachios contributed to the gains, Tejon said. For all of 1992, Tejon's profit inched up 1%, to $1.

Developers of the largest chunk of privately owned wild lands remaining in Southern California and representatives from the nation's most powerful environmental groups gathered at a special summit last spring to consider a deal. Under it, environmentalists would forgo legal challenges if the proposed 23,000-home Centennial development on Tejon Ranch were reconfigured to more than double the amount of land set aside for a preserve.

Tejon Ranch Co., which owns the site of a controversial facility that burns hazardous wastes near Gorman, has begun talks to sell the property to the plant's operator. The sale could remove a hurdle to the operator's bid for a new state permit. In a letter to an opponent of the operation, Tejon President Jack Hunt said his company, which leases the site to plant operator National Cement Co., is in an "untenable position" that forced Tejon to recently begin considering National's purchase offers.

Tejon Ranch Co., a Lebec-based real estate company with interests in cattle and farming, reported a loss of $139,000 for its third quarter that ended Sept. 30, while its revenue fell 27% to $1.84 million. A year before, Tejon Ranch earned $245,000 on $2.52 million in revenue. For the nine months, the company saw its profit drop 26%, to $449,000 from $609,000 a year earlier. Its revenue was $8.66 million, down 6% from $9.24 million in the 1992 period.

Developers of the largest chunk of privately owned wild lands remaining in Southern California and representatives from the nation's most powerful environmental groups gathered at a special summit last spring to consider a deal. Under it, environmentalists would forgo legal challenges if the proposed 23,000-home Centennial development on Tejon Ranch were reconfigured to more than double the amount of land set aside for a preserve.

Tejon Ranch Co., a Lebec company with interests in real estate, cattle and farming, reported a loss in the first quarter ended March 31, which it blamed on fewer cattle sales and lower oil and cement royalties. Tejon's first-quarter loss of $63,000 contrasted with a year-earlier profit of $281,000. Revenue totaled $1.68 million, down 35% from $2.59 million in 1991's first quarter.

A coalition of environmental groups says it will withdraw its opposition to development of the sprawling Tejon Ranch if the builder agrees to set aside about 380 square miles in the Tehachapi Mountains as wilderness. The coalition hopes its offer persuades developers to scale back their plans on the 270,000-acre site and to more than double the amount of land to be preserved. The coalition now wants to save 245,000 acres -- a swath of land bigger than Chicago and Philadelphia combined.

Developers of the vast Tejon Ranch north of Los Angeles and a national land trust have identified a 100,000-acre swath of mountains and grasslands that would be preserved even if three large urban projects are built nearby. After two years of study, the Tejon Ranch Co.

Plans to develop the rugged Tejon Ranch, a vast stretch of mountains and desert valleys 50 miles north of Los Angeles, have swirled for nearly a century. But one roadblock persisted: the lack of a reliable water supply. Then state officials routed the river-sized California Aqueduct through the ranch. And with the arrival of melted snow from the north in the 1970s, water concerns began to fade.

When real estate executive Robert Stine was hired by the Tejon Ranch Co. in 1996, his task was to transform a slumping Kern County farming operation into a prosperous development firm. But first he had to deal with a huge, prehistoric vulture that liked to hang out along the ranch's mountainous backbone.

Environmental groups and local residents Tuesday criticized a tentative plan by the Tejon Ranch Co. and the U.S. Fish and Wildlife Service that protects ranch developers if they accidentally harm or kill endangered California condors, but also takes steps to protect the huge birds.

The Tejon Ranch Co. has applied for a federal permit to protect developers if they accidentally harm or kill the endangered California condor by building three projects on the vast ranch north of Los Angeles.

Home furnishings retailer IKEA has agreed to build one of California's largest buildings, a nearly 2-million-square-foot distribution center at Tejon Ranch Co.'s new industrial park in southern Kern County. The $50-million project, which was announced Tuesday by Tejon Ranch Co., is a coup for the company as it seeks to capitalize on its vast land holdings on the northern fringe of metropolitan Los Angeles.

Farming and real estate company Tejon Ranch Co. said it lost $414,000, or 3 cents a share, in the second quarter, compared with a profit of $600,000, or 4 cents, a year earlier. Revenue fell 27.7%, to $3.48 million, in the period ended June 30. Real estate revenue fell 22%, to $3 million, the company said, mostly because of a one-time gain from the sale of an easement a year earlier. Farming revenue fell 47.

Developers of the vast Tejon Ranch north of Los Angeles have agreed to sell more than one-third of their 270,000 acres to a land trust, in an effort to establish a wildlife corridor of public land stretching from the Sierra to the sea. The Tejon Ranch Co.