JACKSONVILLE, FL-It was bound to happen. In late April, aChicago real estate company, which advises clients on commercialreal estate purchases,especially distressed assets, set up shop inFlorida, which is ground zero for luxurious, but distressed realestate. The new office, located in St. Augustine, nearJacksonville, is now the East Coast headquarters for Diliberto RealEstate Services.

The new office is overseen by Douglas G. Dennison, formerexecutive vice president with the Fisher Auction Company and LouisB. Fisher III, formerly the CEO and owner of the Fisher AuctionCompany. Dennison is the manager of the Florida operation ofDiliberto, while Fisher joined the advisory committee for thecompany.

"These seasoned professionals carry a wealth of experience inhelping investors identify real estate and loan buyingopportunities and providing exit strategies through quick-to-marketauction sales, and in the case of Mr. Fisher, a legendary name inreal estate."