PHOENIX—Peter Nieman, executive vice president at Colliers International in Greater Phoenix, is celebrating 53 years of experience in the commercial real estate industry this year and has been with Colliers since 1993. Nieman also founded and operated several real estate companies in California, one of which he sold to Grubb & Ellis. He later worked for Grubb & Ellis for four years. He was also a founder and director of Columbia National Bank of Santa Monica, CA, and National Bank of the Redwoods, Santa Rosa, CA.

GlobeSt.com: What has changed in the industry during the last 53 years or should we say what hasn't?

Peter Nieman: The speed of transactions is one of the most significant changes. When I started in the commercial real estate industry in 1963, there were no computers, cell phones, fax machines or real estate information services such as CoStar or Xceligent. If a client wanted to know about available 5,000 square foot office spaces, I drove around town identifying appropriate buildings. Then I requested brochures and floor plans from landlords who mailed the information to me. In a hurry, I would personally drive to the landlord's office and pick up the brochure or floor plan. The process usually took a few days or longer if the client wanted a search in multiple submarkets. Today, a broker or assistant can gather the same amount of information online in minutes. Technology has dramatically increased the pace of deals.