MIAMI-The Sarasota, FL-based developer of cell phone sites has signed a definitive agreement with Fortress Investment Group and Greenhill Capital Partners LLP to buy its delinquent 10% senior discount notes in exchange for creating a new Pinnacle company headed by Wesley R. Edens of Fortress and Robert H. Niehaus of Greenhill.

WEST MILFORD, NJ-The complex will provide 15,500 sf of retail and 30,000 sf of professional office space for Bald Eagle Commons, an active adult residential community.

MINNEAPOLIS-About 75 top officials, including mayors and school superintendents of Minneapolis and St. Paul, as well as top developers, focus on cooperation in a recent trip to the Mile High City.

DALLAS-Texas hoteliers are fine-tuning their numbers for first-quarter conference calls. The usually optimistic reports undoubtedly will bring more of the same positive news. But, says PKF Consulting, it's simply because "there's nowhere to go but up.