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Ground Up

The Daily Record's real estate blog

O’Malley calls Gov. Hogan’s real estate dealings a ‘racket’

Former Maryland Gov. Martin O'Malley defended the 'zero tolerance' approach again Wednesday, saying the Justice Department Report report did not account for improvements, including "historic reductions in violent crime" under his watch. (Jim Cole/AP file photo)

Former Maryland Gov. Martin O’Malley. (Jim Cole/AP file photo)


Former Gov. Martin O’Malley has attacked the man who replaced him in Government House over his commercial real estate interests.

In a series of tweets Wednesday morning O’Malley, a Democrat, accused Gov. Larry Hogan, a Republican, of corruption and running a “Real Estate racket.” In one message O’Malley compared Hogan, who was elected in 2014, to the late Spiro Agnew.

Agnew served as Baltimore County executive, Maryland governor, and vice president in President Richard Nixon’s administration. He later resigned as vice president after taking a plea deal involving one count of failing to report income on his federal taxes.

A spokesman for the Hogan campaign declined to comment on O’Malley’s tweets.

Hogan founded commercial real estate services firm The Hogan Cos. in 1985, according to the firm’s website. The companies claim they’ve completed $2 billion in real estate deals and been involved in the development of 35,000 acres of land in the mid-Atlantic.

(Bryan P. Sears/The Daily Record)

(Bryan P. Sears/The Daily Record)

In July, Hogan released three years of tax returns covering the years 2015-2017 that showed he earned $2.4 million during that time. The returns included Hogan’s salary as governor.

Hogan’s real estate investments, via The Hogan Cos., were placed in a trust, but not a blind trust.

“The trust isn’t blind because a traditional blind trust is not structured for and cannot be used for an operating business,” Amelia Chassé, a spokeswoman for the governor’s office, told The Daily Record in July. “For example, a blind trust anticipates an institutional trustee to manage investments, and is not permitted to hold a single security. The situation of an incoming governor of Maryland owning a private business was unique, which resulted in the governor’s counsel and the Ethics Commission working closely together to develop the structure of the trust.”

Hogan is seeking a second term in office and would be the first Republican governor of Maryland to win a second term since Theodore McKeldin in the 1950s.

Ben Jealous, the Democratic nominee, has also previously criticized Hogan’s real estate dealings. Polling on the governor’s race has consistently found Jealous running far behind Hogan in a state where Democrats have an edge in registered voters by roughly 2 to 1.

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  1. Does Martin O’Malley really think that anyone is paying attention to him? The last 4 years of Hogan’s moderate fiscal policies have reinforced how heavily Maryland residents have paid for O’Malley’s tax and spend policies. Governor Hogan has shown us that it doesn’t have to be that way and we appreciate him for it.

    I was a registered Democrat for 3+ decades until MOM’s tax and spend mentality took residence in the Governor’s House. I’m now registered as independent (officially unaffiliated)– and we now represent 18% of Maryland voters, many of us former Democrats. MOM can certainly take credit for raising our numbers.

  2. O’Malley is thee most corrupt of all. Marty tell everyone how you purposely short changed Baltimore City Fire and Police Pension System then blamed the same people for the shortfall. You did it from 1999 until you went to Annapolis. You took the earmarked money and gave it to your special interest friends on government contracts as payback for financially supporting you during your tour of lies. You belong in jail…simple as that