Some people send entirely grammatically correct text messages. Some people are impatient and use textspeak. There are multiple possibilities, including:
I'm doing business in Alameda right now. I'll be back later tonight.
Doing business in Alameda right now. Be back later tonight.
In Alameda on business. Back tonight.
Biz in Alameda.Bck 2nite.
... and lots of other variations. There is no single right way to say/write most things in English. Again, it depends on the audience. My first example sentence above might be suitable for sending to your boss but the third one probably isn't. The fourth definitely isn't. In my opinion, that shouldn't be sent to anyone but I am not a fan of textspeak, no matter how much time it saves.