David A. Sigman
By Joshua Burd
David A. Sigman, a longtime LCOR executive and a key figure in the developer’s growth in the New York metropolitan region in recent decades, is stepping down at year-end.
The company this week said Sigman will retire as executive vice president and principal after joining its ranks in 1994. Since then, he has had a central role in executing high-profile mixed-use and multifamily projects throughout the area, including New Jersey markets such as Jersey City and Hoboken.
He will continue to serve as an adviser to LCOR beginning in 2026. The company, meantime, has promoted Harmar Thompson and Anthony Tortora to co-chief investment officers, noting that they’ll oversee its investment strategy across acquisitions and development and construction.
“For more than 30 years, David has committed himself to the success of LCOR and has been instrumental in the evolution and success of our business,” CEO Anthony Barsanti said. “Under his leadership, the standard was set high and will continue to guide the next generation of our business.”
When Sigman joined LCOR, the firm was primarily focused on development in the Washington, D.C., and New York metropolitan areas, according to a news release. Since then, it has developed more than 20,000 apartments and several million square feet of office space.
Under his leadership, LCOR’s New York office has developed more than $5 billion of new residential, commercial and public/private projects, expanded into new geographies, launched major public-private partnerships and further established its reputation as a pioneer in sustainability-driven, transit-oriented development, the firm said. Sigman oversaw the origination, development and management of large-scale mixed-use and multifamily projects including:
- The $1.4 billion redevelopment of Terminal 4 at John F. Kennedy International Airport, the largest airport terminal developed through a public-private partnership
- Development of two residential condominium towers in Midtown Manhattan totaling 400 units and 28,000 square feet of retail space (sales value exceeding $540 million)
- The gut renovation of 545 Madison Ave., a 140,000-square-foot office building, achieving gold certification under the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale
- The conversion of 25 Broad St., a 1902 historic office building, into 308 residential rental units and later condominiums
- Multiple large-scale rental residential communities in Brooklyn, Jersey City, Hoboken, Miami and Cambridge.
“I’m often asked how I could stay at the same company for over 30 years,” Sigman said. “The answer is that it was never the same company for more than a cycle at a time, recreating itself for each new business environment. I’ve had the privilege of building communities and improving the infrastructure in our markets with the incredible team at LCOR and our partners. I am grateful for all we have achieved together and look forward to supporting LCOR as an advisor. I depart my role as LCOR heads into its next chapter with new leadership.”
Throughout his career, Sigman has been an active board member for the Real Estate Board of New York, Urban Land Institute and Manhattan Community Board 5, where he chairs the Transportation Committee and is a member of the land use, housing and zoning committee, the news release said. His work for the Manhattan Community Board 5 includes the redevelopment of Penn Station and the Midtown South Mixed-Use rezoning.
He is also on the board of Reconstructing Judaism, where he focuses on the needs of congregations. Sigman will continue being an active member of those organizations.
