LCOR, a prominent real estate firm, has announced a significant leadership change with the retirement of longtime executive David Sigman, effective at the end of this year. Sigman, who has been with the company since 1994, will transition to an advisory role in 2026.
In conjunction with Sigman’s retirement, LCOR is promoting Harmar Thompson and Anthony Tortora to serve as co-chief investment officers. They will be responsible for overseeing the company’s investment strategy, including acquisitions and development.
A legacy of transformative projects
For over three decades, Sigman has been a key figure in LCOR’s growth, playing an instrumental role in shaping the firm’s portfolio. His leadership has overseen more than $5 billion in new residential, commercial, and public/private projects in the New York metropolitan region alone.
Under his guidance, LCOR has developed over 20,000 apartment units and millions of square feet of office space, and has established a reputation for pioneering sustainability-driven, transit-oriented development. Notable projects include:
- The $1.4 billion redevelopment of Terminal 4 at JFK International Airport, a major public/private partnership. ✈️
- Development of two residential condominium towers in Midtown Manhattan with a sales value exceeding $540 million.
- The LEED Gold-certified renovation of the 140,000-square-foot office building at 545 Madison Avenue.
- The conversion of the historic 25 Broad Street office building into 308 residential units.
New leadership for the next chapter
Sigman expressed his gratitude for his time at the company, noting that its ability to “recreate itself for each new business environment” is what kept him engaged for so long. “I’ve had the privilege of building communities and improving the infrastructure in our markets with the incredible team at LCOR,” he said.
LCOR CEO Anthony Barsanti praised Sigman’s leadership, stating that the high standards he set “will continue to guide the next generation of our business.” The promotion of Thompson and Tortora marks the beginning of this new chapter, as the company continues to focus on urban markets across the East Coast.
