Hilco Global Real Estate, announces an upcoming auction on November 26th for The Andrada Ranch, a 271 deeded acre Headquarters with proven water resources & 16,237 acres of a 10 year Arizona State Trust Land Department Grazing Lease. This fully operational ranch is located just 40 minutes east of Tucson International Airport at 17000 South Old Sonoita Highway, Vail, AZ 85641, USA.

Arizona’s open ranges, rugged landscape, and rough-and-tumble settlement history harken back to a time when America’s west was still “wild”. As one of the largest and last remaining ranches of its kind, The Andrada Ranch embodies that same early American spirit, while offering all the amenities and comforts of a world-class working ranch.

This “one of a kind property” is perfect for a dude or resort ranch, an exclusive private, corporate retreat or a secure private estate. A development, conservation easement, tax credits, and trading or selling the water rights should be considered.

Special features of the property include panoramic views of Tucson city lights and Empire, Catalina and Rincon Mountains, year round westerly breezes, fantastic horseback riding, and excellent A-rated schools and the University of Arizona. Buildings include a recently-renovated main residence, a foreman’s house, and a bunkhouse apartment that was extensively remodeled in 2013, as well as numerous, well-maintained ancillary ranch buildings. In addition, the property includes a full inventory of equipment, fine working horses and owner purchased and maintained ranch vehicles.

Ted Notz, whose family owns the Andrada Ranch stated, “After 26 years of owning, improving and operating the ranch, my wife and I have decided that it’s time to retire from ranching.”

Bids for this sealed bid auction sale are due, November 26th by 3pm PST. Bids are to be submitted to the offices of Hilco Global Real Estate, Attention Andrada Project Manager, 5 Revere Drive Suite 320, Northbrook, IL 60062.

Interested buyers can inspect the property by attending one of our on-site inspections. The first inspection is scheduled for Friday November 1, 2013. Please call Hilco for an appointment and the dates for the future site inspections.

“This is an extremely rare opportunity to acquire an exceptional, world-class ranch property at an auction price,” said Alan Kravets, Arizona Broker and Senior Consultant and Auction Specialist of Hilco Global Real Estate.

“There are a multitude of potential uses for this property. A high net-worth individual could make this his or her private, secure family estate, mountain retreat or luxury ranch. A rancher could take advantage of the current infrastructure in place, the 10 year State Trust Land Lease of 16,237 acres of grazing leasehold, and proven water resources. A development company could subdivide the property and create an amazing residential subdivision. The sky’s the limit.”

A detailed Bidder’s Information Packet is available for the property, containing property specific information, an explanation of the auction process and the Terms of Sale. The purchase of the packet is required to bid and will be available at all viewing opportunities for $50 ($75 for a print version) or by contacting the Project Manager at (847) 418-2700.

Auctions continue to grow as one of the leading asset disposition strategies for private owners, businesses, and financial institutions across America due to their swift timeframe, transparency, and surety of closing and Hilco is a leader in this industry.

For more information about bid qualifications and further details about this property or other properties available at auction, please contact Alan Kravets at (847) 504-3268, or email [email protected] or visit www.AndradaRanchAuction.com or Andrada Ranch Project Manager at (847) 418-2703, or email [email protected].

Reuters reported late Friday that JPMorgan Chase and FHFA had reached a tentative $4 billion deal. That agreement is expected to be part of the larger $13 billion settlement.

The tentative deal does not release the bank from criminal liability for some of the mortgages it packaged into bonds and sold to investors, a factor that had been a major sticking point in the discussions, the source said.

Reuters reported another source close to the discussions characterized a deal as likely, but cautioned that parts of the agreement are still being hammered out, and the settlement could conceivably fall apart.

As part of the deal, the bank will likely cooperate in criminal inquiries into certain individuals involved in the conduct at issue, the source, who declined to be identified, said.

Officials at JPMorgan Chase and the Justice Department declined to comment.

The record settlement could help resolve many of the legal troubles the New York bank is facing. Earlier this month JPMorgan Chase disclosed it had stockpiled $23 billion in reserves for settlements and other legal expenses to help cover the myriad investigations into its conduct before and after the financial crisis.

The deal is being hammered out by some of the most senior officials at the Department of Justice and the largest U.S. bank. Attorney General Eric Holder and JPMorgan Chase Chief Executive Jamie Dimon spoke on the phone on Friday night to finalize the broad outlines of the broad deal, the first source said.

Long considered one of the best-managed banks, JPMorgan has stumbled in recent years, with run-ins with multiple federal regulators as well as authorities in several states and foreign countries over issues ranging from multibillion-dollar trading losses and poor risk controls to probes into whether it manipulated a power market.

Some of the problems relate to mortgage bank Washington Mutual and investment bank Bear Stearns, two failing firms that JPMorgan took over in 2008.

The bank and the Justice Department have been discussing a broad deal that would resolve not only the inquiry into mortgage bonds it sold to investors between 2005 to 2007 that were backed by subprime and other risky residential mortgages, but also similar lawsuits from the Federal Housing Finance Agency, the National Credit Union Administration, the state of New York and others.

For the full story go to https://news.yahoo.com/jpmorgan-tentative-13-billion-deal-u-source-185634491–sector.html

Tucson commercial leases submitted for the week October 14-18, 2013:

OFFICE – 8500 N ORACLE ROAD, ORO VALLEY

Title Security leased 5,000 square feet at 8500 N Oracle Road in Oro Valley to join the Long Realty office in this newly constructed class-A office complex. Roger Breckenridge with Long Realty of Tucson handled the transaction for landlord and tenant.  [ismember] Asking lease rate starts at $14.50/ SF NNN)[/ismember]

RETAIL – 3244 E. SPEEDWAY BLVD., TUCSON

Unscrewed Theater has leased 4,384 square feet at 3244 East Speedway Boulevard, which is located within Encanto Plaza. The tenant plans to use the space as a venue for comedy performances, as well as a comedy school and workshop. Debbie Heslop, CCIM of Volk Company Commercial Real Estate represented the landlord, SMDSK Encanto, LLC, and Rob Tomlinson of Cushman & Wakefield | PICOR represented the tenant.   [ismember]Asking Lease rate $6.00 sq. ft. yr. (NNN)[/ismember]

RETAIL – 3996 W. INA RD., TUCSON

R&S Mattress Tucson, LLC leased 4,000 square feet of retail space at 3996 W. Ina Road in Tucson from SAM Seventh, LLC. Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR represented the tenant in this transaction.  [ismember]Asking Lease rates $16.40 – $18.00 sq. ft. (NNN estimated at $4.25 sq. ft.) [/ismember]

MEDICAL OFFICE – 1925 W. ORANGE GROVE RD., TUCSON 

AZ Pain Centers of Tucson leased 3,342 square feet at 1925 W. Orange Grove, Suite 107 in Tucson from Healthcare Realty Services Inc. Tom Nieman, Principal and Office Specialist, with Cushman & Wakefield | PICOR, represented the landlord and Tom Knox, SIOR, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [ismember]Asking Lease rate $18.50 / sq. ft. yr. [/ismember]

INDUSTRIAL – 3534 – 3538 N. ROMERO, TUCSON 

Metro Fire Equipment, Inc. leased 1,500 square feet at 3534 – 3538 N. Romero Road, Suite 190, in Tucson from Costa Verde Investments, LLC. Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  [ismember] Asking Lease rate $7.80 sq. ft. yr. [/ismember]

RETAIL – 3040 W. VALENCIA RD., TUCSON

Shannon Burke Insurance Agency, LLC has leased 1,250 square feet at 3040 West Valencia Road, which is located within Manzanita Plaza. She plans to open an Allstate Insurance office in the space. Manzanita Plaza is located at the northwest corner of Valencia and Cardinal and is anchored by Safeway, Family Dollar, Aaron Rents, and Desert Sports and Fitness Express. David Hammack and Rick Borane of Volk Company Commercial Real Estate represented the landlord, Community Centers of America – Glendale, LLC, in the transaction.  [ismember] Asking Lease rate $16.00 sq. ft. yr. (NNN charges estimated at $3.80/sq. ft.) [/ismember]

RETAIL – 2112 W. GRANT RD., TUCSON

General Nutrition Corporation has signed a lease for 900 square feet at 2112 West Grant Road. The space is located within Silverbell Plaza at the northeast corner of Grant and Silverbell. The shopping center is anchored by Safeway and Walgreens.  David Hammack of Volk Company Commercial Real Estate represented the landlord, Massapequa Associates LLC.  [ismember] Asking Lease rate $20.00 sq. ft. (NNN charges estimated at $5.50/ sq. ft.) [/ismember]

Please submit your sales and leases to [email protected]