Town’s Sean Hughes revealed as Eldridge buyer, conservative activists sue city over landmarks decision at Park 51 … and more

1. Are feds rushing into a settlement for loan servicers without a full-fledged investigation? [NYT]
2. Hovnanian CEO takes home $6.3M in 2010 — more than twice the company’s net income [Crain’s]
3. Special property tax proposed for property owners around Hudson River Park [WSJ]
4. Willets Point holdouts sticking with lobbyist despite bribery allegations in connection with Carl Kruger case [NYDN]
5. Fifth Avenue is the fourth-priciest street in the world [WSJ]
6. Town’s Sean Hughes revealed as buyer of the Eldrige [Post, 1st item]
7. Space scarcity felt at the tops of NYC’s trophy towers [Crain’s]

8. Artspace opens affordable live-work artists rental building in Patchogue [NYT]
9. Conservative activists sue city over landmarks decision at Park51 [NYDN]
10. Owners of Rasputin’s in Brighton Beach on the hunt for new Manhattan spot [Post, 2nd item]
11. Bailed-out office buildings reemerge as front-runners for tenants with new ownership, smaller rents [Crain’s]
12. NJ condo market has a pulse [NYT]
13. Continental architect says office-like facade masking its residential interior was intentional [WSJ]
14. FHA’s new short refi program gives underwater homeowners more options [NYT]
15. Foot model and doorman, whose marriage caused controversy at UES co-op board, getting divorced [Post]

16. Complicated web of mortgage market changes snarls many a plan for homebuying [NYT]

17. Q&A with Townhouse Management Company Chairman Richard Maidman [NYT]

18. 40 injured in Brooklyn apartment fire [Post]
19. New report shows concentration of homeless shelters in Southern Queens [NYDN]