Layoffs, plunging stock and a tough first quarter 2017 were eclipsed by the release of the Centennial project draft environmental impact report last week. Above, the Tejon Commerce Center (formerly known as the Tejon Industrial Complex) is the most productive sector of TRC’s diversified development portfolio at the moment. It is on the valley floor, bisected by the Interstate 5 at the northern base of the Grapevine, where a plan to build 12,000 new homes over 20 years received a green light in Kern County last year. Now the long-awaited Centennial project to the south, in Los Angeles County is moving through the CEQA process. [Tejon Ranch promotional photo]