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Carey owns more than 850 commercial and industrial properties in 24 industries and in 14 countries.
"Our industrial properties are 97percentt occupied," Mr. Stern said.
A lack of commercial and industrial properties leaves homeowners to pick up the school bill.
Lightstone owns 15,000 apartments and office and industrial properties in 16 states and Puerto Rico.
The managers of the Long Island industrial properties have to deal with more than 200 tenants.
Vacancy rates across the country for industrial properties are low and falling.
In addition, he said, the industrial properties are not well understood by the investment community.
Other sites include industrial properties and city-owned parking lots in Brooklyn and Queens.
The Patchogue River is dotted with homes, boatyards, industrial properties and restaurants.
Mr. Himmelrich is a Baltimore developer with a successful track record in redeveloping old industrial properties.
And even the growth in the market for large industrial properties comes with cautions, experts say.
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