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NYC Mayor Signs COPA Affordable Housing Law

New York City is taking a new approach to protecting affordable housing by giving community-based organizations a greater role in the sale of certain apartment buildings. Mayor Zohran Mamdani has signed the Community Opportunity to Purchase Act (COPA), which creates a process for qualified nonprofits and community land trusts to compete for eligible properties before sales are finalized. The legislation could be particularly significant in neighborhoods facing rising housing costs and displacement pressures, where nonprofit ownership may help preserve long-term affordability. The law also establishes purchasing timelines and requires the Department of Housing Preservation and Development to develop procedures for implementing the program.

SUSHIRO to Open Times Square NYC Restaurant

Japanese restaurant operator FOOD & LIFE COMPANIES plans to open SUSHIRO Times Square on November 19, 2026, bringing its conveyor-belt sushi dining concept to Midtown Manhattan. Located at 667 Eighth Avenue, the new restaurant will span three levels, with 146 seats across its first and second floors and three private dining rooms on the basement level. The menu will feature more than 200 items, including sushi, side dishes, desserts and beverages. The company says the location will emphasize Japanese dining traditions, entertainment and affordable options as it introduces its restaurant experience to New York City customers.

Paul, Weiss Adds Caroline Hickey Zalka in NYC

Paul, Weiss, Rifkind, Wharton & Garrison LLP has added Caroline Hickey Zalka as a partner in its New York Litigation Department, expanding the firm's securities litigation and corporate advisory capabilities. Zalka represents public companies, boards, executives and private equity firms in shareholder class actions, merger disputes and complex commercial litigation. Her experience also includes corporate governance, regulatory matters and investment management disputes. Recognized by Forbes, Chambers USA and other legal publications, Zalka was named North America Securities Lawyer of the Year by Euromoney in 2026. Her appointment strengthens Paul, Weiss's ability to represent corporate clients facing significant legal and regulatory challenges.

NY AG Secures $2.35M in Carelon Settlements

New York Attorney General Letitia James announced two settlements with Carelon Behavioral Health following investigations into inaccurate mental health provider directories and improper denials of addiction treatment coverage. Carelon will pay $2.35 million in penalties, fees and costs, while providing up to $8 million in restitution to eligible members who paid for out-of-network mental health services. Additional reimbursements will address certain denied substance use treatments. Investigators found widespread provider directory inaccuracies, including unavailable psychiatrists, and identified instances of coverage decisions using unapproved standards. The settlements also require improved appointment access, updated provider listings and independent oversight of Carelon's compliance.

NYC's City College Wins $3.5M for AI Education

The City College of New York has received a $3.5 million U.S. Department of Education grant to expand artificial intelligence education and workforce preparation over five years. The initiative, called ai4CCNY, will integrate AI literacy across academic disciplines, including engineering, humanities, education and the arts. Plans include a three-credit general education course, free introductory bridge courses for students and professional development workshops for faculty. Led by senior university administrators and faculty, the program aims to strengthen academic outcomes, improve career readiness and establish a model that could eventually be adopted across other City University of New York campuses.

NYC Begins $184M Chinatown Cultural Hub Rebuild

New York City has broken ground on a $184 million reconstruction of 70 Mulberry Street, restoring a historic Chinatown building severely damaged by fire in 2020. The eight-story cultural and community center will provide permanent space for five organizations displaced by the blaze, including the Museum of Chinese in America and Chinatown Senior Citizen Center. Plans include 30 percent more public space, accessible facilities, renewable energy systems and a public art installation by Jennifer Wen Ma. The project will preserve portions of the original 1892 structure while creating modern spaces for community services, performances and events. Completion is expected in 2030.