Postgres allows:
UPDATE dummy
SET customer=subquery.customer,
address=subquery.address,
partn=subquery.partn
FROM (SELECT address_id, customer, address, partn
FROM /* big hairy SQL */ ...) AS subquery
WHERE dummy.address_id=subquery.address_id;
This syntax is not standard SQL, but it is much more convenient for this type of query than standard SQL. I believe Oracle (at least) accepts something similar.