Valuations of most Des Moines-area shopping malls hold steady while values tumble nationally
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 m...