{rumor} New GE building on the Beltway

Rumor has it that the Phillips 66 gas station and adjacent land at the Northwest Corner of Clay Road and the Beltway is poised for redevelopment. A subsidiary of GE Oil and Gas has apparently inked a deal for a 150,000 square foot office building to be developed on the site by Transwestern.

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{rumor} amegy building a building

Amegy is rumored to have closed on the Microcenter property at the the Northeast corner of Post Oak Parkway and West Loop South. The property which is just down the street from  their current office at Five Post Oak Park is the supposed site for Amegy to build their own 10-12 story office tower. Rumblings suggest that this move is the result of a lease renewal disagreement between Amegy and their current landlord Shorenstein.