Port Hueneme, Calif. -- Costa Mesa, Calif.-based Donahue Schriber said it has started the first phase of a $1.5-million renovation of Mandalay Village Marketplace, a 193,964-sq.-ft. shopping center in Port Hueneme, Calif.

The Ralphs and CVS Pharmacy-anchored center also includes Petco and Do It Best Hardware.

Mandalay Village Marketplace was purchased by Donahue Schriber at the beginning of 2012 as part of a strategic acquisitions plan following the retail owner and developer's $1.2 billion recapitalization last year.