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Every year, Arizona’s business community proves that success isn’t just measured by revenue or growth—it’s measured by impact. That spirit takes center stage in Az Business magazine’s Champions of Change Awards, an awards event that celebrates the individuals and organizations who are raising the bar for leadership, innovation and philanthropy across the state. From healthcare pioneers and nonprofit visionaries to …

On May 10, 1976, Phil Bell started a small multifamily real estate company focused on superior property management and quality apartment homes. Today, P.B. Bell celebrates 50 years of making lives and places better through multifamily development, acquisitions, and third-party management. During the past half-century, the team has developed or acquired over 11,500 units, managed over 55,000 units throughout Arizona, …

P.B. Bell, a leading multifamily real estate company with 50 years in the Arizona market, today announced the launch of the P.B. Bell Multifamily Fund — a $125 million investment vehicle targeting the acquisition of Class A and B multifamily assets across Arizona, with a primary focus on the Phoenix metropolitan area. The company has also appointed Keagan Huerta as …

I started working for P.B. Bell, one of Phoenix’s most well-known multifamily developers, 10 years ago. Since that time, the multifamily real estate market has undergone significant change. The Phoenix Metro Area has always been an attractive market, but interest has surged in recent years due to the diversification of the local economy and the unanticipated impact of the COVID-19 …

Following the onset of the pandemic, Arizona managed to further diversify and expand its economy, cementing its reputation as a top-tier commercial hun – bringing both prosperity and new problems. As residents and businesses poured into the Valley, demand for multifamily housing outstripped supply, leading to higher rents and diminished affordability across the region. Developers responded with a burst of …

Long before becoming the CEO of P.B. Bell in 2025, Justin Steltenpohl dreamed of the courtroom. He became an attorney after graduating valedictorian from the University of Toledo College of Law, eventually working with Phil and Chapin Bell as outside counsel for P.B. Bell in 2007. As the company expanded, the need for in-house legal support grew, and Steltenpohl officially …

Representatives from Edgewood Real Estate Investment Trust, Northridge Construction, P.B. Bell, and Prescott Valley Chamber of Commerce gathered together for a special ribbon cutting ceremony on June 17, 2025, to celebrate the completion of Crossings at Windsong. Click here for the full article.

P.B. Bell’s company culture is not only a priority, but it is the key to our nearly 50 years of success. Prior to COVID, we established a culture club whose focus is employee engagement, and they execute various activities throughout the year to encourage collaboration, recognition (such as peer-to-peer recognition for those going above in displaying their values in their …

P.B. Bell continued its recent growth with three new senior team members. Jim Deakyne has joined the development group as the new VP of land acquisition and entitlements, and Liz Shumar and Angela Marotta have joined the property management division as portfolio directors. Click here for the full release.