IN THE MATTER OF AJ TOWN CENTRE, L.L.C.

No. CV-11-2061-PHX-GMS, BK No. 2:10-bk-17310-GBN, No. 2:10-bk-17314-CGC., 2:10-bk-17319-CGC, Adv. No. 2:10-bk-17310-GBN.

In the Matter of: AJ Town Centre, L.L.C. AJ Town Square, L.L.C. Central AJ Development, L.L.C. Debtors. Wells Fargo Bank, N.A., Plaintiff, v. Herbert S. Madan, individually and as Trustee, et al., Defendants.

United States District Court, D. Arizona.

April 2, 2012.


Attorney(s) appearing for the Case

Wells Fargo Bank NA, Plaintiff, represented by Elizabeth Sarah Fella , Quarles & Brady LLP — Tucson, AZ & Susan G Boswell , Quarles & Brady LLP — Tucson, AZ.

Herbert S Madan, Individually and as Trustee, Defendant, represented by Leo R Beus , Beus Gilbert PLLC, Michael W Carmel , Michael W Carmel Ltd & Thomas A Connelly , Beus Gilbert PLLC.

Ronald E New, Individually and as Trustee/ husband, Defendant, represented by Leo R Beus , Beus Gilbert PLLC, Michael W Carmel , Michael W Carmel Ltd & Thomas A Connelly , Beus Gilbert PLLC.

Mara D New, Individually and as Trustee/ wife, Defendant, represented by Leo R Beus , Beus Gilbert PLLC, Michael W Carmel , Michael W Carmel Ltd & Thomas A Connelly , Beus Gilbert PLLC.

Herbert S. Madan Revocable Trust Under Agreement Dated 4/23/97, trustee of Herbert S Madan, Defendant, represented by Leo R Beus , Beus Gilbert PLLC, Michael W Carmel , Michael W Carmel Ltd & Thomas A Connelly , Beus Gilbert PLLC.

New Family Living Trust Under Agreement Dated 11/6/97, trustee of Mara D New trustee of Ronald E New, Defendant, represented by Leo R Beus , Beus Gilbert PLLC, Michael W Carmel , Michael W Carmel Ltd & Thomas A Connelly , Beus Gilbert PLLC.


ORDER

G. MURRAY SNOW, District Judge.

Pending before the Court is Plaintiff's Motion to Withdraw the Reference to the Bankruptcy Court. (Doc. 1-1). For the reasons discussed below, the motion is denied.1

BACKGROUND

On March 16, 2006, Debtors AJ Town Centre, LLC and Central AJ Development, LLC (collectively the "Debtors") entered into a Loan Agreement with Wells Fargo Bank, N.A. under which Wells Fargo lent the...

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