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NEWPORT BEACH, CA-Having a Newport Beach address is seen by many US office occupiers as a sign of prestige that will help them in the business world, but it’s clear this phenomenon is being adopted by foreign investors as well. As GlobeSt.com reported earlier this week, Comac, an aerospace firm based in Shanghai, China, has purchased 4350 Von Karman Ave., a 68,425-square-foot office building here, from MIG Real Estate LLC for $19.85 million. One of key reasons given for the purchase was the Newport Beach address.

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