Ms. Kennedy and Mr. Marshall.

E.T. phone home? Did Hollywood power couple Kathleen Kennedy (she earned her first production credit on Steven Spielberg's heartwarming alien flick) and Frank Marshall become too homesick in New York? The L.A.-based producing pair has sold their pied-a-terre at 120 Central Park South and try as we might we can't find any new purchase under their names.

Certainly the sale is not for lack of funds. In June, Ms. Kennedy left the couple's husband-and-wife production company to become co-chair of Lucasfilm Ltd. alongside George Lucas. Indeed, if you need to bring together the big bucks and the big names for a crowd-pleasing production, Ms. Kennedy is the one to do it, having worked on not only E.T., but also Raider's of the Lost Ark, Indiana Jones, Jurassic Park, Schindler's List and Munich.

They may not have needed the money, but Ms. Kennedy and Mr. Marshall, who paid $2.69 million for the unit in 2007, made a nice profit on the sale: $1 million dollars, according to city records. That's no blockbuster, but it's a decent boost. The couple listed the two-bedroom, 2.5-bath apartment with Corcoran brokers Nina De Rovira and Eva Marie Bozsik.

No expense was spared, we've been told. A little like the budgets for some films.

So what's behind the curtains? Something decidedly West Coast:a loft-like residence with a "magnificent renovation designed by Luis Ortega of Hollywood fame." The listing makes sure to inform us that no money was spared in the renovation. There's an open living room with a bar area (great for entertaining industry insiders) and large picture windows that "captivate the beauty of the park throughout the seasons." Great for framing the shots, although the script needs a little work. We're pretty sure whoever penned the listing meant "capture" and not "captivate."

Still, the pitch worked on buyers Richard Manuel Esteves and Donna Margaret Esteves, who paid a little over the $3.5 million ask. Like the Kennedy/Marshalls, the Esteveses are not from New York (they list their address on the deed as Lake Hopatcong, New Jersey), but the co-op board is apparently quite friendly to out-of-towners.

What project will the producing pair work on next?

kvelsey@observer.com