WALNUT CREEK, CA-Walnut Creek has seen a lot of commercial development in the Golden Triangle area, but developers who promised to replace demolished homes with new ones have built only two new units.

SAN FRANCSICO-After months of searching, Critical Path has leased a large portion of a mixed-use development in San Francisco's South Beach area. The company caught brokers' attention a few months back when it was one of few companies looking for a 75,000-sf space.

EL CERRITO, CA-Two new investors will join the joint ownership team of the El Cerrito Plaza, becoming partners with Albertson's, Regency and Long's Drugs. The property they now own was bought for $1.6 million.

SAN FRANCISCO-Gap Inc. has put its Mission Bay space, currently under construction, on the sublease market. Catellus Development Corp., the developer, will not lose in the deal, as it collects rent on the space, occupied or not.

SAN FRANCISCO-Last year, San Francisco was the number two choice among foreign investors for their real estate dollars. This year, it falls to number four, says the Association of Foreign Investors in Real Estate.

SAN FRANCISCO-A church parking lot in Bayview has been approved for 22-units affordable housing. The vote came as city officials are considering upping the affordable housing required for all residential developments.

SAN FRANCISCO-A recent report by Starboard Commercial Real Estate indicates that smaller office suites are becoming a valuable commodity in downtown San Francisco.

SAN FRANCISCO-Catellus signs a long-term lease with Safeway, which will open its supermarket in a mixed-use project at 1 King St. The grocer is the 301-acre project's first major retail tenant.