Managing Partner & Co-Founder
Joel S. Brudner, a real estate professional with more than 30 years of experience in all facets of the northeast commercial and residential markets, directs operations for MB1 Capital Partners as Managing Partner and co-founder.
Prior to the formation of MB1, Mr. Brudner was Executive Vice President and Partner with Gottesman Real Estate Partners from 2007 until November 2011. He was responsible for sourcing acquisitions, due diligence and closing of the purchase and financing processes. He also oversaw asset management and development, in partnership with one of the tri-state area's leading real estate investor families.
Mr. Brudner was Executive Vice President and Chief Financial Officer from 1992 until 2007 at The PRC Group in West Long Branch, NJ. At this privately held regional real estate firm, he had responsibility for business development, financing and investor relations. Mr. Brudner coordinated planning for investment opportunities and capital strategies; as well as oversaw leasing and asset management. He was heavily involved in development projects in downtown Red Bank, Eatontown and Tinton Falls, NJ. Mr. Brudner helped expand the organization into a diversified real estate investment company with versatile services and capabilities. While at PRC, he served as president of an affiliated company that provided real estate consulting services to nationally-recognized corporate tenants and as board member of its banking subsidiary.
Prior to joining PRC, Mr. Brudner was Vice President of Asset Management for The M. Alfieri Company, with responsibility for the development, leasing and management of approximately six million square feet of commercial real estate. He played a prominent role in many successful development projects, including the renowned Metro Park campus in Edison, NJ. Mr. Brudner spent eight years at Alfieri, including four years as Corporate Controller overseeing all financial, human resources, and IT technology functions.
Mr. Brudner began his career as a C.P.A., handling auditing and consulting engagements for real estate, hospitality, and financial services clients at Grant Thornton, a national accounting firm.
Mr. Brudner, a resident of Monroe, NJ, graduated from Rutgers University with a degree in business administration and economics in 1981. He is involved in several corporate, charitable and community organizations.
Co-Founder
Christopher T. McCallion has more than 25 years of experience in the energy and real estate industries. Prior to the formation of MB1, Mr. McCallion was a partner at Caithness Energy, LLC. and served as its Executive Vice President and Chief Financial Officer from 1991 to 2009.
During his tenure at Caithness Energy, Mr. McCallion was instrumental in building the company into one of the largest privately held independent power producers in the United States.
With a focus on environmentally – friendly renewable and fossil fueled projects, Caithness successfully developed, constructed, acquired, operated and owned 35 projects including 2,000 megawatts of gas turbine projects, 1,200 megawatts of wind projects, 350 megawatts of geothermal projects, and 160 megawatts of solar projects.
Mr. McCallion was involved in all aspects of building this portfolio, including identifying development and acquisition targets, negotiating power purchase agreements with local utilities, working with various project partners to secure the required project equity and to manage the many aspects of each project. He secured more than $3 billion in non-recourse project debt financing.
Prior to joining Caithness, Mr. McCallion served as Corporate Controller for The M. Alfieri Company, a regional real estate development company, with responsibility for all financial, tax, risk management and technology functions.
Mr. McCallion started his career at the international accounting and consulting firm Arthur Young. As a C.P.A. he worked on auditing and tax assignments for clients in a variety of industries as well as for not-for-profits.
Mr. McCallion graduated from Seton Hall University in 1983. He has been actively involved in commercial real estate investments for the past decade. He also serves as an advisor and board member for corporate and charitable organizations.