Seattle Residential, Commercial and Agricultural Real Estate Appraisal Blog

Company History

The company’s roots were established in 1916 when a predecessor company, Genesee Realty was founded by our current President’s great-grandfather, Ros J. Loranger. Mr. Loranger was one of the most respected realtors in southeast Seattle. His business was located at the intersection of Genesee Street and Rainier Avenue South. Great-grandpa located there because the end of Genesee Street (50th Avenue South) was considered one of the favored locations to build the floating bridge across Mercer Island. At the time, no one thought that the government would go to the expense of a tunnel, but they misjudged government spending. Shortly after World War II, Berkley A. Lamb, Loranger’s son-in-law, became President of Genesee Realty. In 1957, encouraged by then Speaker of The House in the Washington State Legislature, John L. O’Brien, and Governor Albert D. Rosellini, Lamb became a real estate appraiser. He earned his SRA professional designation and appraised property for the development of the Interstate 5 freeway.

Genesee Realty was sold in 1962 and Northwestern Properties, Inc. was formed along with Northwest Real Estate and Appraisal Company. Third generation Michael B. Lamb became president of the appraisal company in 1970, naming it Lamb’s Appraisal. He also purchased a commercial appraisal company called Appraisal Associates Inc. Concurrently, Berkley A. Lamb partnered with Donald C. Hanson to form Hanson and Lamb Appraisal. In February 1980, the company was reunited as Lamb Hanson Lamb Appraisal Associates, Inc., with Michael Lamb as CEO.

The fourth generation of appraisers, Patrick and Ian Lamb, followed in the footsteps of their father Michael, and worked to become certified. When Michael retired in 2009, Patrick became President and CEO. Ian achieved his Senior Residential Appraiser (SRA) designation in 2008, and Patrick is set to become a Member of the Appraisal Institute (MAI) in 2010. The company now has a staff of twenty residential and commercial appraisers.

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Our Mission Statement

Lamb Hanson Lamb Appraisal Associates, Inc. pursues excellence in the field of real estate appraisal, focusing on quality of work and customer satisfaction. Our key elements for continued growth are strong fiscal management, effective recruiting and hiring, quality control, and productive administration. Quality, timeliness and good communication consistently set the standard for Lamb Hanson Lamb Appraisal Associates, Inc.