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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.

For the first time in its 50-year history, Scottsdale-based P.B. Bell will be run by someone from outside the Bell family. The developer has named a new CEO as owner Chapin Bell takes a step back. Justin Steltenpohl, who has served as general counsel and COO for the multifamily real estate company, will become CEO effective Jan. 1. Bell will …

P.B. Bell, an Arizona multifamily development and property management firm, has introduced pre-leasing at Everly at Morrison Ranch, a rare gem in Gilbert’s luxury living scene. Situated on Elliot Road just east of Recker, Everly offers one-, two- and three-bedroom apartment homes that complement the unique allure of the Morrison Ranch master-planned community. “We’re thrilled to be nearing completion,” CEO …

Fifty-five companies have risen from the constantly evolving and ever-challenging business environment to earn the right to call themselves Arizona’s Most Admired Companies of 2024, including P.B. Bell. Presented by Az Business magazine and BestCompaniesAZ, the MAC program celebrates the outstanding contributions of Arizona’s leading employers. This prestigious award honors companies that excel in business and make a meaningful impact …

Justin Steltenpohl, chief operating officer and general counsel for P.B. Bell, spoke with Angela Gonzales, senior reporter at Phoenix Business Journal, regarding P.B. Bell’s first build-to-rent community, Marketside Villas at Verrado, as well as P.B. Bell’s development strategy moving forward. Click here for the full article.