L’Oréal Inks 240 KSF Lease in Southern California

The last remaining space at 5337 Wheeler Ridge Road in Tejon, Calif., a 480,000-square-foot industrial building at Tejon Ranch Co.’s 1,450-acre Tejon Ranch Commerce Center, has just been claimed. Majestic Realty Co. and TRC, co-developers of the state-of-the-art distribution center, recently signed L’Oréal USA to a 240,000 square-foot lease at the Class A property. With a location along Interstate 5 in Kern County, roughly 60 miles north of Los Angeles, TRCC...

Majestic Realty Breaks Ground on Multifamily Component of 110-Acre Mixed-Use Development in Inland Empire

REDLANDS, CALIF. — Majestic Realty Co. has broken ground on Summit Apartments, the multifamily component of its 110-acre mixed-use development in Redlands. The property represents the company’s first multifamily project. Located on the northwest quadrant of the Foothill and San Bernardino freeways, the apartment complex will comprise 17 three-story buildings offering a total of 281 garden-style, walk-up apartments. The apartments are available in a mix of one-,...