Hey, whatta coinkidink: Today, not just one, but two former CEO's of defense contractor Northrop put their homes on the market. Hmmmm--do they know something we don't? First up was the Bel Air vineyard of Thomas Jones, and here we have the lovely estate of Kent Kresa, who, in addition to serving as chairman of Northrop Grumman between 1990 and 2003, also acted as interim chair of General Motors after CEO Rick Wagoner was booted out by the government. Per the listing, which features a scant eight photos as of this writing, Mr. Kresa's Spanish Colonial-style residence was built in 1927, but "has undergone a painstakingly [sic] restoration by famed architects/designers Tim Morrison & Tom Proctor." Sited on a 1.78-acre lot north of the Beverly Hills Hotel, the 10,909-square-foot house features five bedrooms, eight baths, "original wrought iron details, leaded glass, Malibu tiles & hand-hewn beamed ceilings, a library/screening room, pool, spa, cabana, covered lanai with fireplace, and a rose garden with vegetables & citrus trees." Asking price is an even $38 million.
· 1146 TOWER Rd [Redfin]