Tejon Ranch Turns Profit with Land Sale | Bakersfield News

Tejon Ranch Company just posted a major financial turnaround, turning a $1.7M loss into a $2.8M profit in Q2 — fueled by record revenues, strategic land sales, and cost-cutting. Their biggest win? A $7.4M land deal with Dedeaux, plus progress on a $5.5M remodel now 70% done. Meanwhile, a massive 500K sq ft industrial park is rising near Grapevine — a joint venture with Dedeaux Properties right off I-5. Even without the land sale, they’d still have been profitable — thanks to booming corporate partnerships, stronger residential leasing, and smarter spending. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7396740627793cc3