first quarter sales

The world's biggest burger chain reported Thursday that first-quarter sales grew to about $6 billion, nearly 10 percent higher than the first quarter of last year, and net income grew nearly 11 percent.

McDonald's cited strong sales of new products like specialty coffees, smoothies and oatmeal, and modernization efforts like updating lighting and seating, and adding more 24-hour outlets.

We've updated the AustinTowers | urbanspace Downtown Condo Market Index for March and the news is not good.

While month-by-month results fluctuate wildly, March saw a drop of 71% in the number of units sold -- from 14 in March, 2008 to just 4 last month.

For the first quarter, sales dropped from 25 units in 2008 to 14 units in 2009.