Henry Elghanayan buys out his brothers’ stake at 300 Park Avenue South … and more

1. Henry Elghanayan buys out his brothers’ stake at 300 Park Avenue South [Post, 2nd item]
2. City moves forward with plans to replace three large, failing Queens schools with six smaller ones [NYDN]

3. Nordstrom in talks to lease former Circuit City space at 521 Fifth Avenue at 43rd Street for discount Rack store [Post]
4. National Association of Realtors releases free iPhone app with property listings [Washington Post]
5. Goldman Sachs profits could flatten in 2010, while Morgan Stanley rebounds [Bloomberg]
6. This decade’s architects likely to focus on building efficiency rather than luxury [Washington Post]
7. Wells Fargo poised to post improved fourth-quarter results tomorrow [Bloomberg]

8. Some question whether mortgage principal reductions are the answer to foreclosure crisis [WSJ]
9. Critic slams Obama’s Home Affordable Modification Plan, says its doomed to fail [Zero Hedge]

10. Banks delay signing contracts on Treasury’s second mortgage mod plan [Bloomberg]