Los Angeles, CA – Following the recent catastrophic fires, Los Angeles now confronts the formidable task of rebuilding its homes, businesses, and communities. To guide those affected through this intricate recovery, Dan Shea, Managing Director at Objective, Investment Banking & Valuation, offers clear, practical advice in this Q&A with the LA Times that demystifies complex processes and empowers affected individuals to move forward confidently.
Read the full piece “Dean Dennis, Jay Hawkins, David Hitchcock, Stephen J. Kaufman, Randall S. Leff and Dan Shea Share Insights on Rebuilding Los Angeles” here.
1. How does the recovery process influence a post-disaster economy?
SHEA: The recent wildfires will reshape the housing market, pushing demand – and prices – higher in neighboring, lower-risk communities. Along with an overwhelming desire to recapture a feeling of normalcy, I suspect buyers will increasingly prioritize safety, leading to shifts in real estate trends. Rebuilding will be a long and complex process, with supply chain disruptions and labor shortages, among other things, slowing progress. Developers and construction firms will face rising costs and the accelerating adoption of fire-resistant materials and evolving city planning. Brokerage firms will adjust their strategies, focusing more on properties in lower-risk areas to meet shifting buyer preferences. Meanwhile, insurance companies will continue to reassess their exposure – leading to rising premiums or reduced coverage in high-risk zones. While these obstacles pose difficulties for homeowners and businesses, they also present an opportunity to rebuild with greater resilience and long-term sustainability in mind.
2. What role should the private sector play versus government agencies in rebuilding?
SHEA: The private sector should play a critical role in rebuilding efforts in partnership with public agencies, as well as affected property and business owners. Public agencies should focus on setting policies, allocating resources and providing oversight, while private firms – particularly those in essential services such as environmental remediation, waste management, engineering – should drive execution to achieve meaningful outcomes that meet the needs of community members. Leveraging the efficiency of the private sector in such a partnership would enable the strategic deployment of capital and accelerate recovery efforts, ensuring sustainable, long-term solutions that foster economic revitalization and community resilience. Effective collaboration between the public and private sectors is essential for rebuilding our community.
3. How is the financial services industry helping businesses and individuals in need?
SHEA: The financial services industry is playing a vital role in helping businesses and individuals access guidance, capital and other essential resources. While Objective specializes in sell-side M&A and valuation advisory, we are committed to supporting the broader community, particularly in times of significant need. We have been actively assisting business owners in their discussions with bankers, wealth managers and other financial professionals to develop creative capital solutions, access government assistance programs and support employee well-being. By providing financial and strategic support, our industry is helping businesses navigate this uncertain and evolving landscape, ultimately aiming to accelerate recovery.
4. In your opinion, do natural disasters reduce the attractiveness of living or setting up a business in L.A.?
SHEA: Everyone has their own breaking point. However, the vast majority of us Angelenos are happy here, choosing to focus on the many positives while working to mitigate the negatives. Our incredible climate, natural beauty and outdoor lifestyle make L.A. a magnet for people of all sorts. Beyond that, L.A.’s economy is immense, with industries like technology, aerospace, healthcare, entertainment/media, tourism and international trade offering endless opportunities. Businesses benefit from a huge consumer market and global access, which are very compelling as compared with other markets. At the end of the day, L.A.’s unbeatable weather, scenic views and high-energy business community make it a great place to call home.
5. What are some of the mistakes that some businesses are making?
SHEA: There are numerous mistakes to avoid, the most common being delayed communication with stakeholders – employees, customers and partners. Trust can quickly erode in these situations and create overall uncertainty. Timely updates, on the other hand, provide transparency and support relationship continuity. Another common mistake is a lack of financial resilience. Businesses need to establish financial reserves and secure flexible credit options to ensure long-term stability when the unthinkable happens. An additional mistake – and thankfully much less common – is neglect of employee well-being. Owners are wise to provide support, flexible work arrangements and mental health resources to foster a committed workforce in times of trouble.
Contact Information:
Managing Director
(310) 903‑2163
Disclosures
This news release is for informational purposes only and does not constitute an offer, invitation or recommendation to buy, sell, subscribe for or issue any securities. While the information provided herein is believed to be accurate and reliable, Objective Capital Partners and BA Securities, LLC make no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. All information contained herein is preliminary, limited and subject to completion, correction or amendment. It should not be construed as investment, legal, or tax advice and may not be reproduced or distributed to any person. Securities and investment banking services are offered through BA Securities, LLC Member FINRA, SIPC. Principals of Objective Capital are Registered Representatives of BA Securities. Objective Capital Partners and BA Securities are separate and unaffiliated entities.
