SAN FRANCISCO-Bay Area apartment vacancy edge up further in the first quarter and average rents decline, but there are still plenty of buyers in the market, according to the latest quarterly report from Marcus & Millichap.

SANTA MONICA, CA-Health-care relief organization International Medical Corps leases the space from Arden Realty in a five-year, $1.3-million deal. The signing nudges the 43,796-sf office building to 94% occupancy.

ATLANTA-Lawrence L. Gellerstedt Jr., credited by almost every local civic group for making Atlanta a big-league metropolitan commercial real estate player, has died at 77 after an extended illness. He retired as chairman of Beers Construction Co. in 1994.

ORANGE, CA-Ortho Mattress and Curves For Women sign as new tenants at the 38,000-sf North Tustin Plaza, bringing occupancy to about 92%. The five-year leases carry a combined value of $500,000 for the inline space.