KB Home shifts HQ to Tempe as California exodus continues
Los Angeles-based KB Home (NYSE: KBH) is moving its corporate headquarters back to metro Phoenix.
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Los Angeles-based KB Home (NYSE: KBH) is moving its corporate headquarters back to metro Phoenix.
Plans call for moving to Hayden Ferry Lakeside in Tempe by next spring 2027. The company had called Phoenix home in the early 1960s before moving to Los Angeles.
This move is fundamentally about improving KB’s cost structure and operating efficiency over time, said Rob McGibney, president and CEO of KB Home.
“The Phoenix metro area offers a lower cost of doing business, and consolidating our corporate teams into a single location allows us to operate more efficiently,” McGibney told Phoenix Business Journal. “At the same time, bringing our teams together in one location strengthens coordination and speeds up decision making, which is increasingly important as we position the company for its next phase of growth.”
This story is posted in partnership with Phoenix Business Journal. Click to read the full story.
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Comments
3 Comments
"Don't vote for what you fled from ..."
The problem is so many people who are fleeing California for those exact reasons are coming to AZ and bringing their lefties politics with them. AZ used to be solid red and outside of Phoenix still is. However, Phoenix has the majority of the voters and it is steadily going left.
I sure hope our Democratic Governor and two Democratic Senators are doing more and more to woo businesses out of California and into Arizona. California is a disaster and the more companies can move out of there, and hopefully to Arizona, the better.
"California, close enough to visit, but we won't tax the sh*t out of you and make your life miserable!!"
State of Arizona