An Aerospace Titan sells Beverly Hills spec mansion for $37M

The sale could represent a huge return on investment for Kresa, who bought the .75 acre Beverly Hills parcel for $4.7 million in 2010, and then shepherded the construction of a two-story, 11,000-square-foot spec mansion that was completed last year. The property hit the market last June, billed as “The Promontory” and featuring stone shell walls, a four-car garage as well as common luxury amenities for the high-end market such as spa, gym, and “infinity” swimming pool.