HOUSTON-Hazen steps down as senior managing director and divisional CEO in the firm's investment management group; Sherri Schugart is named as his replacement.

SAN ANTONIO-Pat Duncan, who has led the local company for more than seven years, retires effective May 1. Len O'Donnell, RealCo's president and COO, will become CEO.

ADDISON, TX-Scott Hartman with Regus Group along with CBRE's Mike Cleary and Mike Kay tell GlobeSt.com that the role of executive suites in business is changing.

ALBUQUERQUE-Accelerated Development and Q Real Estate are now the proud owners of Market Center East, a 143,000-square-foot retail property anchored by a Target store.

HOUSTON-The locally based law veteran leaves Bracewell & Guiliani to become a member of Colvill Office Properties' leadership team.

PHOENIX-The Seattle company acquires Cobalt and Indigo rental properties with plans to complete and add to the area rental pool. Additional southwest commercial real estate news follows.

DALLAS-Miller, grandson of the real estate company founder Henry S. Miller, died of a heart attack at age 79.

SAN ANTONIO-The long-time owner of the 500-room Hyatt Regency Hill Country Resort obtains senior debt and a mezzanine loan for the property to help with a $35 million expansion and renovation.