JACKSONVILLE, FL-It was bound to happen. In late April, a Chicago real estate company, which advises clients on commercial real estate purchases,especially distressed assets, set up shop in Florida, which is ground zero for luxurious, but distressed real estate. The new office, located in St. Augustine, near Jacksonville, is now the East Coast headquarters for Diliberto Real Estate Services.

The new office is overseen by Douglas G. Dennison, former executive vice president with the Fisher Auction Company and Louis B. Fisher III, formerly the CEO and owner of the Fisher Auction Company. Dennison is the manager of the Florida operation of Diliberto, while Fisher joined the advisory committee for the company.

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