Error occurred in deployment step 'Recycle IIS Application Pool': The local SharePoint server is not available. Check that the server is running and connected to the SharePoint farm

Did you receive the following error when you tried to compile a project of SharePoint 2010?

Error occurred in deployment step 'Recycle IIS Application Pool': The local SharePoint server is not available. Check that the server is running and connected to the SharePoint farm.

So - the solution is simple
You should be Full Permission on the SharePoint Farm - including a data base (DB owner).
After it is completed - open the visual studio as administrator.

Cheers,
Roi Kolbinger