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After just four months on the market, a property on Star Island—a neighborhood in Miami Beach, Florida—sold for $75,000,000. At press time, that number set a record as the most expensive sale in the history of Miami real estate.

The waterfront mansion, located at 8 Star Island Drive, sits on nearly two acres of land on the ultra-exclusive Star Island, a man-made island connected by a causeway. Celebrities who have called the tiny island of about 30 properties home include: Sean “Diddy” Combs, Emilio and Gloria Estefan, Rosie O’Donnell and Shaquille O’Neal.

An ongoing and historic rise in inflation has shaken not just the real estate industry, but has affected nearly every business and consumer across the country. With December’s Consumer Price Index (CPI) topping 7% year-over-year—the largest increase since 1982—real estate professionals are asking just how profound the impacts will be on their clients and markets.

Berkshire Hathaway HomeServices (BHHS) launched Automated Advertising powered by Adwerx to the franchise system’s nationwide network of over 50,000 real estate agents in May 2019. Since the initial launch, the company and its network members experienced tremendous financial return, with both new network agents and top producers winning more listings as a direct result, according to the Berkshire Hathaway HomeServices leadership team.

Illustrated Properties, a member of The Keyes Family of Companies, has announced Daniel Dennis as the firm’s new president. The industry veteran is relocating from Mobile, Alabama, where he served as CEO of South Alabama’s largest real estate firm for more than a decade.

As Illustrated’s President, Dennis is responsible for the firm’s strategic planning and operations. Mike Pappas remains as CEO.

Coinweb continues its mission in delivering blockchain technology to traditional businesses with the global real estate brand Coldwell Banker, the company has announced. Development has already begun on the platform, with a product release in beta planned for Q3 2022.

The project will see Coinweb develop and support cross-chain token issuance pertaining to both luxury residential and high-end commercial property portfolios of Coldwell Banker’s significant customer base, launching in Thailand in the first instance as a pilot.