P.B. Bell founder Philip B. Bell is retiring and his son, R. Chapin Bell, is taking over leadership of the company.

Philip B. Bell, founder and chairman of P.B. Bell Cos. is retiring and passing the reins to his son, R. Chapin Bell, president and CEO of the company, by the end of the year.

Scottsdale-based P.B. Bell specializes in the development, management and acquisition of apartment complexes.

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