Solomon Organization recently purchased two luxury rental communities, one in Lancaster, Pa., and the other in Pleasant Valley, N.Y., and will immediately begin to upgrade the communities’ apartments, landscaping and common areas.

The Aldyn, a newly completed 40-story condo property located at 60 Riverside Blvd. on Manhattan’s Upper West Side, has been selected by the Kips Bay Boys & Girls Club as this year’s location for its Decorator Show House.

According to a report by Ariel Property Advisors, New York multifamily sales increased 34 percent in the first quarter of 2012.

Go Green Lower East Side recently launched the “Model Block” initiative. Their most recent accomplishment provided 16 residents of the Cooper Square Mutual Housing Association with free energy-efficient refrigerators.

Not long after putting most of the upper-floor residential units at One MiMA Tower on the market as rentals, instead of the condos they had originally designed to be, Related Cos. is putting the property’s penthouses on the market as well.

A recent study reveals that “traditional” retirement communities might become a thing of the past for boomers, unless some important changes are made.

In a landmark decision for Philadelphia, the Pennsylvania Housing Finance Agency voted to provide a reservation of Low Income Housing Tax Credits, which will generate up to $11 million for the first LGBT-friendly affordable senior housing facility in the state.

Sterling Properties and AST Development Corp. have broken ground on Verdana Howell, a 220-unit apartment building in Howell, a town in Monmouth County in central New Jersey.

A new luxury building, called The Pointe, on the North Shore of Staten Island, N.Y., has already attracted a lot of attention among buyers.

According to Brown Harris Stevens’ first quarter 2012 Manhattan Residential Market Report, the average Manhattan apartment sale price was about $1.483 million, up 9 percent from the same period in 2011.