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Peter Paul Bell, president of Pabst Farms Development Inc. and a 1971 graduate of Marquette University with a degree in Engineering, was honored at the Marquette College of Business Administration at their recent annual Alumni Awards Luncheon.
Peter was presented with the first ever “Friend of the College Award” for his contributions to Marquette University and their College of Business Administration. Peter Bell and his family endowed the Robert B. Bell, Sr. Chair in Real Estate Studies at Marquette in 2001, a tribute to his father who passed away the previous year. The endowment has been established and structured in a way to assist countless future generations in Robert Bell’s honor. Peter, along his wife Betty, and his five brothers and sisters are all graduates of Marquette University.
Peter Bell was also honored for his efforts to help launch the Associates in Commercial Real Estate (ACRE) at Marquette, an innovative program that offers opportunities for minorities in commercial real estate. In keeping with the vision to promote outreach efforts as part of the Robert B. Bell, Sr. Chair in Real Estate Studies, the ACRE program recruits, trains and places minorities in professional careers in commercial real estate. Peter volunteers his time as a program instructor and currently serves on the advisory board to shape the curriculum to the changing needs of the Milwaukee commercial real estate market. Pabst Farms was proud to hire a top minority student from the first graduating class last year.
Peter also serves on the advisory board for another new initiative at Marquette, the Bell Real Estate Center, whose mission is to make Marquette’s real estate program relevant to urban centers like Milwaukee, to expand its regional presence and to increase internships and job placements for real estate undergraduates.
Peter is Chairman of First Realty Company, a family-owned full-service real estate firm founded in Chicago in 1856. Peter assumed the chairmanship from his late father. “One of the fundamental principles my father taught me was that you build to the land and not on the land,” Peter said. “He also believed strongly in the value of a Jesuit education and the need to serve others. I hope to carry on that mission through my active involvement in growing the real estate program at Marquette.”
Peter Bell was one of six honorees at the Awards presentation and the only award recipient with a Marquette degree outside the College of Business Administration.

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