strictly a guess, but it may have something to do with the quality of the anchor tenants in mall properties - anchor tenants tend to have a very long contractual relationship to the property - this tends to moderate the economic risk. hotels and office buildings tend to not have that same advantage.

: why don't you explain to the rest of us the meaning of 'cap rate' and how it's used - is a high rate better than a low rate?

Another does anyone know [DAK?] question:

For some reason, I want to find out about a house I saw published many years ago. I think it was in Madrid [or possibly Barcelona], and it was huge and I think it was a conversion of an old factory, powerstation or utility building. I remember it being owned by quite a well known citizen of that city. From remembering the pictures, it seemed to be surrounded by pretty dense urban fabric.

Does anyone know what I am talking about? Any hints? It would have probably been built/converted in the late 1970's, early 80's.