REAL ESTATE

Oceanside, Calif. — Doerken Properties Inc. has acquired Flags on Mission Shopping Center in Oceanside, Calif., for $12.6 million. El Super grocery and dd’s Discounts anchor the 107,600-sq.-ft. property.

The Carlsbad, Calif., office of Lee & Associates brokered the transaction representing both the buyer and the seller, Mission Avenue Investors.

Baldwin Park, Calif. — The Los Angeles Business Journal has awarded NewMark Merrill Companies the Gold level “Best 2013 Retail Project in Los Angeles” for Park Plaza on Maine in Baldwin Park, Calif.

NewMark Merrill carried out a major $2.5 million renovation on the 165,000-sq.-ft. shopping center.

Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. opens a new store in Webster, Texas, on March 28. Each Sears Outlet Store, on average, offers shoppers more than 18,000-sq.-ft. of retail space.

St. Louis — The Cordish Cos. and the St. Louis Cardinals celebrated the grand opening of the $100 million first phase of Ballpark Village on March 27.

The construction of Ballpark Village represents the next step in the Cardinals’ vision for downtown St. Louis that began with the opening of the $411 million privately financed Busch Stadium in April 2006.

Westmont, Ill. — Tri-Land Properties has announced that it expects to complete a $21 million renovation of its 20-acre Fridley Market community center by September. Fridley Market is located at the intersection of I-694 and University Avenue, the main north/south spine through Minneapolis-St. Paul.

The renovation of the 165,000-sq.-ft. center includes building, infrastructure, lighting and pavement improvements as well as new construction.

New York -- H & M, Hennes & Mauritz AB opens its first Hawaii store in Waikiki on March 28. The store features a one-of-a-kind installation featuring artwork of local surf photographers Mike Coots, Sarah Lee and Zak Noyle.

The Waikiki store has hired 160 local employees.

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Memphis, Tenn. – A mixed-use retail center has reportedly been proposed for downtown Memphis. According to the Memphis Daily News, the 10,500-sq.-ft., two-story building would contain office, restaurant and café space, as well as a potential convenience store.