Ginsburg secures $120M loan ahead of Westchester Financial Center redevelopment

Developer Martin Ginsburg has lined up $120 million in financing as part of his plan to redevelop the Westchester Financial Center in White Plains, the Westchester County Business Journal reported. Ginsburg’s Ginsburg Development Cos. and Robert Martin Co. bought the two office buildings for $83 million in April and plan to combine them with an apartment building to create a concept called City Square, which “includes apartments, green space, restaurants, retail and renovated offices,” according to marketing materials on the project. Avison Young’s New York capital markets group arranged the loan. [WBJ]