This article doesn't give much on the backstory... There has been a long-running feud between the Heathman Hotel owners/operators and Landry's. The Heathman Restaurant had been operated by McCormick & Schmick's which is now part of Landry's (along with the M&S at Riverplace and the two Jakes' downtown).
Landry's announced last week? that the restaurant was moving out of the Heathman to a different home. This announcement is good news for the Heathman operators, IMHO. Paley is a local and has solid food and restaurant chops.