O'Malley choice crowns big winner, big losers in Prince George's real estate - Capital Business Blog - The Washington Post

Maryland Governor Martin O’Malley held a press conference Tuesday to announce that he would move the state’s housing agency from Crownsville to New Carrollton, a seemingly boring proclamation – state agency moving!! – but one that held incredible importance to developers in Prince George’s.

Imagine having bought some land near one of Prince George’s many underdeveloped Metro stations five years ago, when O’Malley promised to move the Department of Housing and Community Development from Anne Arundel County to Prince George’s. The economy was riding high, the federal government was aggressively leasing and the housing department’s lease had been promised to someone just like you. Lots of options to make a mixed-use development work.