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SG Blocks Brings Modular Format to Single-Family

Brooklyn-based SG Blocks Inc. is partnering with a pair of mortgage banking veterans to form SG Residential. The new venture will extend SG Blocks’ platform of container-based structures into single-family residential.

The plan is to enable new homebuyers and home builders to purchase container-based modular homes, and connect them to a network of funding sources and down payment assistance programs. Led by mortgage banking veteran David Villareal, the newly-established company is already working with several developers on a pipeline of over 500 homes in targeted markets across the country.

Mortgage industry executive Lee Shaw, who among other accomplishments chaired a HUD committee on discriminatory lending practices, will join the advisory board of SG Residential. Paul Galvin, chairman and CEO of SG Blocks, will serve as SG Residential’s chairman.

“SG Blocks is invested in disrupting the construction and housing industries and meeting the demand for affordable housing,” said Galvin.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).