This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Thomas Properties Group, Inc. Announces Postponement of Common Stock Offering 2009-11-03 20:13 ET - News Release 
Company Website:
http://www.tpgre.com
LOS ANGELES -- (Business Wire)
Thomas Properties Group, Inc. (NASDAQ:TPGI) announced today that it has
postponed its previously announced public offering of 22 million shares
of common stock due to unfavorable market conditions.
“We believe that the current market conditions are not favorable to
continue with the offering at this time. The company's management team
and board of directors do not consider the current market price of the
company's common stock to be reflective of its inherent value,” said
James A. Thomas, the Chairman, Chief Executive Officer and President of
Thomas Properties Group, Inc.
About Thomas Properties Group
Thomas Properties Group, Inc., based in Los Angeles, is a full-service
real estate company that owns, acquires, develops and manages primarily
office, as well as mixed-use and residential properties on a nationwide
basis. The company's primary areas of focus are the acquisition and
ownership of premier properties, property development and redevelopment,
and property and investment management activities. The company seeks to
capitalize on opportunities for above-average risk-adjusted investment
returns from real estate, while managing the volatility associated with
the real estate industry through joint-venture ownership structures. For
more information on Thomas Properties Group, Inc., visit www.tpgre.com.
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