KB Home, the veteran housing developer co-founded in the 1950s by the late philanthropist Eli Broad, announced Wednesday it will relocate its corporate headquarters from Los Angeles to Arizona next year.
“Beginning in spring 2027, KB Home will establish its new headquarters in Tempe, Arizona, bringing executive leadership and key corporate functions together in a more central location that will lower the company’s cost structure over time,” according to a statement from the company. “The Phoenix metro area has a business-friendly operating environment that is expected to further enhance efficiency and support long-term profitability.”
KB Home, which was originally founded in Detroit before moving to Phoenix and into California, is currently headquartered in the Westwood area.
“This move brings our teams together in a more collaborative environment, and Phoenix is the right place to do it,” Robert McGibney, president and CEO of KB Home, said in a statement. “It positions KB Home to operate more effectively and supports the next phase of our growth.”
The company insisted it will “continue to maintain a significant presence in California through its six operating divisions.”
” Over the years, the company has built tens of thousands of homes across the state and remains deeply committed to serving California homebuyers, with more than 100 communities currently open statewide,” according to the company.