Another major company is waving goodbye to California.
KB Home has revealed plans to relocate its headquarters from Los Angeles to Tempe, Arizona, marking the latest in a series of corporate departures from the state.
Scheduled for spring 2027, the transition will establish the company’s base at Hayden Ferry Lakeside, close to Tempe Town Lake. This location is just a short drive from the airport and is strategically positioned in the thriving Valley area.
The leadership team emphasizes that this move transcends a mere change of address; it focuses on reducing expenses and enhancing collaboration.
“This relocation unites our teams in a more synergistic setting, and Phoenix is the ideal location for this transformation,” stated CEO Robert McGibney.
Financial considerations also play a significant role in this decision.
The Phoenix area is far cheaper than Los Angeles, where sky-high home prices can run hundreds of thousands more. That massive gap has fueled a steady stream of residents — and now corporations — fleeing California for Arizona.
KB Home also pointed to Arizona’s business-friendly climate as a key reason for the relocation.
The builder isn’t exactly a small player in California. It still has major developments stretching from San Diego and Riverside counties all the way up to the Bay Area and Sacramento.
Still, it joins a growing list of companies heading for the exits.
Realtor.com, Public Storage and Yamaha Motor Corporation have all expressed plans to move operations out of California — a trend that’s raising fresh questions about the state’s business climate.
