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No one knows better than Conley Wolfswinkel that Arizona real estate is a cyclical game. Fourteen years ago, the highflying land baron was bankrupt, convicted of a felony and saddled with $2 billion in judgments for his role in the savings-and-loan debacle of the late 1980s. His Chandler estate and Rolls-Royce were auctioned off. He was unable to own property or get a loan in his name. Today, Wolfswinkel, 58, is the patriarch of a family real-estate empire, valued in the hundreds of millions of dollars, that is positioned to shape the region’s growth for years to come.  More…

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