This document provides a summary of recent real estate transactions and business news items in Westerly, Rhode Island from February 19, 2017. It discusses the sale of two beachfront homes in Misquamicut for $1.625 million and $1.2 million. It also mentions that New England Institute of Technology has received approval to offer master's degrees and that Charter Oak Federal Credit Union originated over $149 million in mortgages in eastern Connecticut in 2016. Finally, it provides brief updates on upcoming real estate and business events in the area.

1. Business Spotlight: Sunday, Feb. 19, 2017
Business Spotlight: Sunday, Feb. 19, 2017
A view of the property at 119 Atlantic Ave. in Misquamicut. | Lila Delman Real Estate International
February 19, 2017 02:01AM
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From this section:
PHOTOS: You can’t re­roof what you can’t see
(http://www.thewesterlysun.com/news/business/9974507­154/photos­you­cant­re­roof­what­you­cant­see.html)
Misquamicut beachfront home sells for $1,625,000
WESTERLY — A beachfront home at 119 Atlantic Ave. has sold for $1,625,000, the highest price for a beachfront home in
Misquamicut in the last four years, according to data from the Rhode Island State­Wide Multiple Listing Service. Lila Delman Real
Estate International said it was both the listing and selling company in the transaction, which closed on Jan. 30, and also for a
property at 495 Atlantic Ave., which sold for $1.2 million on Jan. 13. Lori Joyal, managing broker of the Lila Delman office in Watch
Hill, represented the sellers and facilitated for the buyers.
“Misquamicut Beach is now thriving after a setback from Hurricane Sandy,” Joyal said. “The community has bound together while
construction and renovations continue, which represent the refreshed demand for beachfront homes. These two homes
represented extraordinary views along with one of the most beautiful stretch of miles and miles of beachfront. The home at 119
Atlantic Ave. was fully renovated and was recently featured in a Pottery Barn Catalog photo shoot. It is nearly 3,300 square feet
and has four bedrooms and four bathrooms. The seller was the Allen Family Partnership and the buyer was WRI Atlantic
Properties.
Additionally, 495 Atlantic Ave. was chosen for the 2015 HGTV “Tiny House” award, Delman reported.
NEIT receives general authority to award master of science degrees
EAST GREENWICH — New England Institute of Technology President Richard I. Gouse has announced that the New England
Association of Schools and Colleges Commission on Institutions of Higher Education has given the school general authority to
offer master­level degree programs within the scope of its mission.
New England Tech’s current Master of Science degree programs all received individual accreditation. With the new designation,
NEIT no longer needs to submit new master’s degree programs to the association for review and approval. The institution’s initial
graduate programs were in occupational therapy (2010), information technology (2012), and construction management (2015).
Gouse said the institute would “continue to develop high quality online/hybrid graduate­level programs through our newly
established College of Graduate and Professional Studies.”
Charter Oak reports $149 million in residential mortgages in 2016
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3. WATERFORD — Charter Oak Federal Credit Union announced last week that it had originated 1,097 residential mortgages in New
London and Windham counties in 2016 with a value of more than $149 million, a result that it said ranked first in Eastern
Connecticut in The Warren Group’s Residential Mortgage Marketshare Report. This was the seventh consecutive year it has been
the leader in this category, the credit union said. “For seven years now, Eastern Connecticut has looked to Charter Oak for their
mortgage needs because we offer them the right products at great rates and great terms,” President and CEO Brian A. Orenstein
said.
The Warren Group’s report includes all residential mortgages in New London and Windham counties. The Boston­based business
publisher (www.thewarrengroup.com) collects and compiles data on real estate sales and ownership throughout New England and
New York. Charter Oak said that since 2010 it had originated 8,683 residential mortgages in the two counties combined, with a
total value exceeding $1 billion.
Eastern Chamber, builders present Premier Home Show March 4­5 at Mystic Marriott
GROTON — The Chamber of Commerce of Eastern CT and the Builders and Remodelers Association of Eastern CT are
partnering to present the 2017 Eastern CT Premier Home Show March 4 and 5 at the Mystic Marriott Hotel & Spa in Groton. Hours
are 10 a.m. to 5 p.m. both days and admission is free. The show has a “Buy Local” theme and more than 90 contractors, service
providers, and other exhibitors will be on hand. The show will also include construction and financing seminars, antique appraisals
by Russ Antiques & Auctions, Waterford, and door prize drawings, including a tropical cruise.
Tony Sheridan, president and CEO of the chamber, said the 2016 show had a record­setting
attendance of 4,000 guests. “Stop by and meet your friends and neighbors, as well as the men
and women who build eastern Connecticut,” he said. The chief sponsors include Overhead Door
Company of Norwich, Green Earth Energy Photovoltaic, and A Beautiful Company General
Contractors. For the full exhibitor lineup, visit www.ECTHomeShow.com
(http://www.ECTHomeShow.com).
Realtors’ pre­license class to begin Feb. 21 in Westerly
WESTERLY — The Rhode Island Association of Realtors is offering a 45­hour course designed to prepare students to take the
Rhode Island Real Estate Salesperson’s examination. The classes will be conducted in the community room at the Dime Bank,
131 Franklin St., Westerly, beginning Feb. 21. Completion of the course is contingent upon each student attending 45 hours of
classroom study. More information can be found on http://www.rirealtors.org/education/pre­license­courses/sales­pre­license/
(http://www.rirealtors.org/education/pre­license­courses/sales­pre­license/).
Fifteen sessions are scheduled. The classes will be on Tuesday and Thursday from 6 p.m. to 9 p.m. beginning this week and
concluding April 11. The course fee is $255. Register Online: http://www.rirealtors.org/education/pre­license­courses/sales­pre­
license/sales­pre­license­online­registration/ or by phone: 401­785­9898 option 1.
Bellino named manager of Delman headquarters
NARRAGANSETT — Ruth Bellino has been named manager of the Lila Delman Real Estate International corporate headquarters
in Narragansett.
Bellino has been involved in numerous sales in the Southern Rhode Island market during her 11­year tenure as a sales agent, and
for the past two years has further expanded her role as an integral part of the overall management team, the company said.
A native Rhode Islander, Bellino has also been a resident and business owner in Malibu, California, and Scottsdale, Arizona, and
worked for more than 10 years as an executive in banking and human resources with Fleet Bank.
Star Travels receives safety award from insurer
WESTERLY — Star Travels, a Westerly­based towncar service owned by John Miner, has received the Safety Excellence Award
from Lancer Insurance Company, Long Beach, N.Y. Lancer provides liability, physical damage and liability coverages to limousine
companies throughout the country. Lancer said it began the award program more than 20 years ago as a way of recognizing a
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company’s commitment to safety that shows up in a superior claims record. The current award is for the 2016 policy year.
Star Travels provides towncar services to airports and New York City and can be reached at 401­742­4155;
john.miner@yahoo.com Miner has been in business for 18 years and has received the safety award from Lancer for the past eight
years.
Workshop, ‘Writing Your Business Plan,’ set for Feb. 21
PROVIDENCE — As part of the 2017 Rhode Island Business Plan competition, Jack Derby, head coach at Derby Management
Consultants, Boston, will present a free workshop from 5:30 to 7 p.m. Tuesday, Feb. 21, at the Tech Collective office, 166 Valley
St., Building 3, Providence.
The workshop will cover what a written plan should communicate; how to create an architecture for your plan; the “rules” that
shape good written plans; how to analyze your assumptions; and how investors assess a written plan. The workshop is open to the
public but pre­registration is required. Registration is available through the events calendar at the competition website, www.ri­
bizplan.com (http://www.ri­bizplan.com). The contest, a business and community program, is awarding prizes expected to exceed
$200,000; it will conclude in May.
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