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California  + Orange County  |  June 23, 2026
Paul Bubny
By: Paul Bubny

Crescent Heights’ Skyline OC Lands $210M Financing

Newmark has arranged a $210-million financing secured by the remaining condominium inventory at Skyline OC South Coast Residences, a 25-story luxury residential development at 9 MacArthur Pl. in Santa Ana. Co-head of Global Debt & Structured Finance Jordan Roeschlaub, vice chairman Nick Scribani, senior managing director Ricky Braha, director Holden Witkoff and associate Niv Shahmoon arranged the financing on behalf of Crescent Heights. Investment vehicles advised by Centerbridge Partners, L.P. participated in the financing.

“The financing reflects strong lender conviction in both the quality of the asset and Crescent Heights’ proven track record of delivering landmark residential developments across the country,” said Braha.

Skyline OC is Orange County’s tallest residence, comprising two luxury condominium towers with more than 349 residences. The property features floor-to-ceiling glass providing panoramic views spanning the Pacific Ocean, Santa Ana Mountains and the Orange County skyline, according to Newmark.

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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 16-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 7-10 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 GlobeSt.com 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).
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