Round-Up: Ian Schrager, Syrup Smells, Bubble Talk

– That syrup smell? Blame New Jersey. New York Times
– Real estate slowdown? The number of mortgage applications filed last week fell to the lowest level since May 2002. The Real Deal
– Jonathan Miller gets meta: Big Media’s use of “bubble speak” is declining. Matrix
– Meanwhile Janis Mara at Inman News makes fun of everyone.
– Prices went up in Manhattan. But volume went down. WSJ Online
– Ian Schrager and Aby Rosen bought One Madison Avenue; it’s fated for condos. The Real Deal
– More on Castle Village residents getting slapped with major bills stemming from the West Side Highway collapse in the Spring. Curbed
– Claim: Economic resurgence for lower Manhattan. New York Sun
– New details of the World Trade Center Memorial design. Daily News
– The Federal government will soon be New Orleans’ largest land-owner. New York Times
– Selling reporters on the condos at the Plaza. New York Times
– Second Avenue Deli closes–maybe for good. New York Times
– Rejected from one downtown tourist trap, the Drawing Center considers another: South Street Seaport. New York Times
– If you can’t clean it properly, sell ads on it! David Dunlap on those ad-wraps on subway-station columns. New York Times
– Art Deco beauty at 29 W. 57th Street (in the shadow of Sheldon Solow’s 9 West) could fetch $50 million. New York Post