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Valuations of most Des Moines-area shopping malls hold steady while values tumble nationally Wednesday, April 21, 2021 8:00 AM The outlook appears bleak for many of the nation’s shopping malls, with owners walking away from some properties or readily handing them over to lenders. A recent review by Bloomberg News of 118 shopping centers in the U.S. with commercial mortgage-backed securities loans showed values of the properties plummeted by 60%. In Central Iowa, the outlook for regional shopping centers is more encouraging. A review of newly released assessed valuation data shows four regional shopping centers had minimal changes to the values of their properties. A fifth, Valley West Mall in West Des Moines, saw its valuation drop 25% between 2020 and 2021.

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