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